Since becoming a peer-to-peer payment service, following the arrival of Android Pay a year ago, Google Wallet continues to adapt in a crowded market with the arrival of automatic transfers.
After yesterday’s update, Google Wallet will no longer be necessary to manually cash-out funds from your wallet balance. Instead, a bank account or debit card can be allocated in order to transfer funds directly.
While transfers may not necessarily happen instantaneously, depending on who your banking with and several other factors such as fraud checks, this new feature certainly makes the process a lot easier and will ultimately give Google Wallet a competitive edge alongside popular services like Venmo and Square Cash.
For more news and information regarding the mobile Google infrastructure, visit our ‘Google App Updates‘ page.