Google already have launched the “Google wallet” app in Android devices, which support NFC technology, now this app has been launched for users who prefers to use iOS devices. However, now with the new fingerprint-scanning feature, has the iPhone 5s now became the world safest phone for mobile transactions
Using the Google wallet app, users around the world can transfer money to each other or to people who has a valid email address or for the one who simply use this app. Google also has different offers for users using this app, like loyalty cards on the transactions.
By using this app, users can transfer money into a payment terminal, held a few centimetres away, using the app on the phone. This new version of this app does not need an NFC enabled device. NFC or Near Field Communication technology is a technology that allows a payment terminal to identify the device and the owner.This app got a fraud monitoring system that is working 24×7, and if you lost the phone with the app installed, you can remotely turnoff and disable the Google wallet app by going online and disable it through Google wallet account, this application also needs a four digit password for unlocking the program.
This app is made for people who do not like to carry around money on their wallets and like to go virtual. According to analysts, this app is super secure when using with the iPhone 5s. In addition, this app also gives notification when you send or receive money through this app.
There are mixed reviews with the new security feature that is packed with the new iPhone 5s, there are analysts who look at it as a waste and some are worried about the performance of the device and moreover some are even concerned about the hackers to get inside the phone and recover personal information.
This new feature has got outstanding feed backs from the apple fans, some even swear by it. In this new era where mobile banking and mobile payment apps are getting popular, the need of such security is being arisen, and analyst and people from different parts of society look at it as an innovative and secure move towards virtual money transactions.
Apple is rumored to have the fingerprint scanner on its upcoming iPad mini 2. (Click here to see the newly leaked image of the iPad mini 2.)
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