PayPal vs. Google Pay Comparison

What is PayPal?

PayPal describes itself as an "open digital payment platform" that allows around 325 million active customers worldwide to connect in new ways and conduct business within seconds. Along with PayPal's other services Braintree, Venmo and Xoom, the platform is available in more than 200 markets worldwide. Consumers and merchants are purported to be able to receive money in more than 100 currencies, withdraw to their account in 56 currencies, and maintain balance in their PayPal account in 25 currencies. In the online shop, the software can be integrated either directly or via intermediary payment service providers (PSP). The stated advantages: protection of customers and merchants as well as "easy online shopping".

What is Google Pay?

Google Pay, or G Pay for short, enables contactless payment in local shops, apps, or in webshops via Android smartphones or smartwatches. For use on the customer side, the bank or credit card (multiple cards are also possible) is stored in the app and linking to PayPal is also possible. G Pay does not store the card number, but uses an encrypted virtual card number to protect the payment information alongside other security layers. Users can also use Google Pay in stores that offer 'contactless payment' for debit and credit cards. In addition, the webshops where users can use G Pay are displayed in the app. Companies should be able to integrate the payment method easily and free of charge via an API. Besides faster payment processing, companies can also integrate their loyalty and reward programs into G Pay.