Google Assistant has recently been updated to allow users to transfer cash with voice commands through Google Pay P2P services. The feature allows users to say something like "Send Lauren $2," and the Google Assistant will take the user through the steps to send money via Google Pay. The feature will be completely free and Google has expressed the simplicity of this system. While the feature is currently only available on mobile phones, Google hopes to eventually roll the same feature out to voice-activated speakers like Google Home.
In order to use voice assisted Google Pay P2P services, users will need to set up a Google Pay account. Funds transferred almost instantaneously and recipients will be notified via email or text message, if they have Google Pay installed they will receive a notification through the app. Recipients will need to set up a Google Pay account to cash out the funds.
Voice Assistant Money Transfers
Google Pay P2P Services Can Now Be Done With Google's Assistant
Trend Themes
1. Voice-activated Payment Services - Develop voice-activated payment services to increase ease and speed of transactions for customers.
2. Mobile Payment Integration - Integrate mobile payment options, such as Google Pay, to create an all-in-one platform for customers.
3. Voice-activated Speaker Commerce - Explore opportunities for voice-activated commerce through speakers such as Google Home for a more seamless payment experience.
Industry Implications
1. Financial Technology - Integrating voice-activated payment services and mobile payment options could offer financial technology companies new ways to disrupt traditional banking and payment systems.
2. Retail - Retailers can benefit from implementing mobile payment and voice-activated payment options to streamline transactions and improve the customer experience.
3. Smart Home Technology - Smart home technology companies can explore the use of voice-activated speaker commerce to allow customers to order products and make payments through their home assistant devices.