U.S. fintech market: Google wallet is used five times more than Google Pay app. The company decided to „simplify the app experience” by shutting down the Google Pay app.

The U.S. version of the standalone Google Pay app will no longer be available for use starting June 4, 2024, the company announced in a blog post.

„You can continue to access the most popular features — tapping to pay in stores and managing payment methods — right from Google Wallet, which is used five times more than the Google Pay app in the U.S.” –

„We want to help make this transition as smooth as possible. Anywhere you normally use Google Pay — from checking out online to tapping and paying in stores — remains the same. And for the millions of people who use the Google Pay app in India and Singapore, nothing will change as we continue to build for the unique needs in those countries.” – the company explained.

Here are a few updates U.S. Google Pay app users should know:

. You can use the U.S. version of the Google Pay app until June 4, 2024 to view and transfer your Google Pay balance to your bank account

. Changes to peer-to-peer payments: As of June 4, 2024, you will no longer be able to send, request or receive money from others through the U.S. version of the Google Pay app.