• Arstechnica, Thursday, March 5, 2015 10:49 AM

A source close to the matter told Ars on Wednesday that Google will be announcing a new payments API that will be called Android Pay at Google's I/O conference in May. The platform will power in-store and in-app payments for third-party apps. Android Pay will allow companies to add a mobile payments option to their app, to which users can upload credit card or debit card information, so that payments become single-tap transactions within the app. In addition, a company adopting the Android Pay API will be able to allow tap-to-pay transactions in brick-and-mortar stores. This function will rely on Google’s Host Card Emulation (HCE), which makes it easier for third-party apps to take advantage of Android phones’ Near Field Communications (NFC) chips.

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