Google has launched a new version of the Google Wallet app for Android 2.3 and higher. This means that Google Wallet is now compatible with a majority of Android smartphones. In the past, the app required an NFC chip with a level of security that only Nexus devices and around 12 other devices have.
Unfortunately, many mobile carriers are banning Google Wallet. Verizon, AT&T, and T-Mobile has banned Google Wallet to support ISIS instead.
The way that Google supports non-NFC phones with Google Wallet is by adding the ability to send money to an e-mail address, similar to how PayPal works. Google added this feature on Gmail a few months ago in the form of a feature called “attach money.”
Google Wallet is also going to support loyalty cards. You will need to pull up the digital loyalty card with a barcode for the scanner to use at the checkout. Some of Google’s retail partners will have the ability to show items like the number of rewards and point balances that you have within the Google Wallet app.
Google Wallet has 100% purchase protection against fraud.
[Source: Ars Technica]