Google updates Wallet app for iPhone and iPad

Rebuilt Google Wallet app moves over to make room for Android Pay, allows users to send and request money.

Google has unveiled the updated version of its Google Wallet for iPhone, iPad and iPod touch.

The aim of the new Google Wallet app is to allow users to send and request money. For example, Google is promoting it as a simpler way to split bills or other expenses with friends and for quickly requesting the amount each person owes. The iOS app requires iOS 7.0 or later and is compatible with iPhone, iPad, and iPod touch.

Google has reshuffled its mobile payments initiatives recently with the launch of Android Pay, which allows people with handsets running Android 4.4 and higher to make payments in store or in-app using their smartphone. Previously, this was a feature of Google Wallet.

Android Pay is also where loyalty and gift cards are now stored. Until now, they had a home in the earlier version of Google Wallet.

The Android version of Google Wallet was launched earlier this month. That launch means Google Wallet is lining up against competitors such as Square, while Android Pay will face off against Apple Pay, probably the best-known smartphone payment offering right now.

While mobile payments are something that smartphone makers are really keen to get off the ground, it's still not clear whether consumers are finding pay-by-smartphone to be better than the lower-tech alternatives of cash or credit cards.

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