Major high street UK banks including HSBC, Bank of Scotland, First Direct, Halifax, Lloyds Bank, M&S Bank, MBNA and Nationwide Building Society say they are ready for the forthcoming launch of Android Pay in the UK.
Stephen Noakes, managing director retail customer products, Lloyds Banking Group says: “With more and more of our personal current account customers banking on the move with our mobile apps, there is clearly a need for us to continue to look for ways to support the changing needs of our customers. By offering Android Pay we’ll extend contactless payment capability to the majority of our customers who want to use their smart phone or device to make payments.”
First launched in the USA in September, Google says Android Pay is picking up 1.5 million new registrations each month.
In the UK, Android smartphones claim a 54% market share, giving the network significant scale as it bids to take on Apple Pay. The search engine giant says ‘new banks are being added all the time’ ahead of the full commercial roll-out.
Here’s hoping that Nationwide has better luck with Android Pay than with Visa’s V.me digital wallet. Nationwide became the first UK financial institution to roll out V.me for online shopping in November 2013. V.me lets registered users make secure online payments to participating merchants with just a username and password, removing the hassle of having to enter card account number, bill-to and ship-to information for every transaction.
At the time, Visa boasted that banks representing 80% of all consumers were already committed to the programme, and that by 2020 one-third of all European consumers would be using the wallet. Two years on, and with no other banks backing the service amid minimal support from retailers, Nationwide has quietly announced that it will be withdrawing the Wallet from 30 March.
Visa had already given up on V.me, shutting down support in September last year in favour of a rebranded Visa Checkout