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Called Google Pay, the service will provide the same feature set as users already experience when paying for things with their Android phones.

The payment information will be saved in your Google account and will be available across all Google Products including Chrome web purchase, YouTube purchase for subscription, in-app purchase on Android apps, and at retail stores with NFC.

"Over the coming weeks, you'll see Google Pay online, in store, and across Google products, as well as when you're paying friends", said Bhat. Sites like Airbnb, Fandango and Instacart have already started accepting it. The new consolidated platform includes Android Pay and Google Wallet.

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"We look forward to working with Google as they grow this exciting new payment platform". Instead, Google opted to go a different path by launching Google Tez, an app that now lets you make bill payments. Especially in the West. Google, known for its plethora of applications all doing more or less the same thing, has launched Google Pay at CES 2018.

Tez at present uses the Unified Payments Interface which is an interoperable payment system. Google Pay aims to make it simpler for worldwide users to pay for different services online. There is no clarification from Google as to how this service will work in the country. Unsurprisingly this has led to confusion and fragmentation. We're not betting that Google is going to be able to streamline all digital payments with Google Pay, but it sure would be nice if Android had a single method for buying stuff. Google Checkout was Google's PayPal competitor. With Google Tez, users can pay directly from their bank accounts which means, there's no need to open a separate account or worry about reloading wallets.

While Android Pay is Google's high-profile payments app, Google Wallet is its peer-to-peer payments solution.