Google announces Android Pay

Google announced Thursday a new payments platform for Android called Android Pay.

Android Pay is very similar to Apple Pay for the iPhone. It lets you load up your credit card infomation to your Android phone and pay for stuff in stores by tapping your phone on a special pad.

Also like Apple Pay, Android Pay will support fingerprint readers so users can authenticate payments at checkout.

Developing…refresh this page for the latest.

NOW WATCH: Kids settle the debate and tell us which is better: an Apple or Samsung phone

NOW WATCH: Tech Insider videos

Want to read a more in-depth view on the trends influencing Australian business and the global economy? BI / Research is designed to help executives and industry leaders understand the major challenges and opportunities for industry, technology, strategy and the economy in the future. Sign up for free at