Today, we announced that our modern card issuing platform will power the new Google Pay balance card. We’re excited to help Google Pay provide its users with more ways to use their balances at both online merchants and in stores.
The new virtual Google Pay balance card allows users to easily spend their balance through a virtual card tokenized into a mobile wallet and used at accepting merchants. Previously, Google Pay balance users could use their balance for person-to-person payments, purchases on Google-owned properties (e.g., the Google Play Store or YouTube), or they could transfer their funds to their bank account.
“We are always looking for ways to make Google Pay more helpful to our users,” said Tarun Bhatnagar, Vice President of Payments, Americas at Google Pay. “By working with Marqeta, we are able to give our users another way to spend the funds in their Google Pay balance, making it even easier to pay for everyday items.”
With contactless payments and mobile wallet use surging during and after COVID-19 shutdowns, our platform provides the technology that allows our customers to instantly provision tokenized cards into mobile wallets, allowing cardholders to begin spending right away, without having to manually enter card numbers into their Android devices.
It’s hard to find a company that embodies innovation more than Google, and we’re honored to be working with them on Google Pay to bring new payment innovations to their customers.