Android Pay could also be integrated with loyalty programs at retailers.
A mobile commerce app, Google Wallet, will be reintroduced as a peer-to-peer payments app that allows consumers to send money to each other directly from their debit accounts.
Apple is meanwhile preparing to announce enhancements to Apple Pay at its worldwide software developer (WWSD) conference next month. They include a rewards program for the wallet service.
Forrester Research predicts mobile payments in the US alone will skyrocket to US$142 billion by 2019, from $52 billion in 2014.
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