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Google Pay and PayPal digital payment functionalities
Google Pay and PayPal are prominent digital payment platforms that offer various functionalities for managing and transferring funds. Google Pay serves as a mobile wallet for contactless purchases and peer-to-peer transfers, requiring a bank account, mobile number, and ATM card for setup.
PayPal operates as a third-party payment gateway that allows customers to pay via linked accounts, cards, or other digital wallets like Apple Pay and Google Pay. Businesses can integrate PayPal into online stores as either a primary or additional payment method, with options to manage currency, transaction types, and security features like 3D Secure.