As a follow up to our article early this week, Google has made a formal announcement about the discontinuation of the Google Wallet Card.
On June 30th. Google will be discontinuing their physical Wallet card. The card which worked similar to a debit card, powered by Mastercard, enabled people to use Wallet at establishments that did not have NFC set up for Android Pay. The card would work in conjunction to a linked bank account or with funds added directly into Google Wallet.
Those physical card users started receiving emails on Thursday outlining Google’s plans to phase out the physical card. According to their post, “After careful consideration, we’ve decided that we’ll no longer support the Wallet Card as of June 30. Moving forward, we want to focus on making it easier than ever to send and receive money with the Google Wallet app”.
The focus is clearly going to be on the mobile markets allowing Wallet to be used to transfer funds via text message, through their application, through emails, and potentially expanding into their communication platforms similar to other programs that work around the world allowing people to easily transfer funds to one another.
We’ll have to wait and see what Google announces, but for now any active users that swipe their physical card is going to have to go back to more traditional means after June 30th. As a user of the card for emergencies along with my wife I’ll seek out other alternatives. There of course is a PayPal card and Google recommended programs from American Express. Amex is even offering $50 for making deposits over $500 (terms apply do check their site).
Is anyone else affected by the end of the physical Google Wallet card? Let us know your thoughts in the comments.