When the topic of payments companies comes up, two companies always manage to dominate the conversation: PayPal and Google Wallet. Both of these titans of the payments world offer secure, convenient, and fast payment solutions, making them two of the top contenders in the payments space.
PayPal was established in 1998 as a money-sending application and quickly grew to become a major disruptor in the payments industry with services ranging from peer-to-peer payments, payment processing services, and more. PayPal allows users to pay and receive payments by using their email addresses, bank accounts, or even their phone numbers. Its global reach, convenience, and security have made it one of the most widely used payment methods today.
Google Wallet, Google’s foray into the payments space, was unveiled in 2011 and was designed to make sending and receiving payments easier and more secure than ever before. With Google Wallet, users can store payment info and access apps securely, and their money and purchases are kept safe with Google’s advanced security. Users can also take advantage of loyalty programs, rewards, and other special offers with Google Wallet.
Both PayPal and Google Wallet are now two of the most popular options for quick and secure payments and offer users drastically different ways to send and receive payments. While PayPal takes a more traditional approach to payments, requiring users to register for an account, Google Wallet relies more heavily on a digital platform, allowing users to access their wallets from their phones or any other connected device.
In the end, both PayPal and Google Wallet provide secure and convenient payments solutions for users. PayPal has seen tremendous growth in the payments industry due to its robust services, while Google Wallet has gained a foothold in the market thanks to its digital platform and rewards-based loyalty programs. The choice between these two giants of payments largely comes down to user preference, as each offers its own benefits and drawbacks.
