Google realized Google Pay and Google Wallet are the same thing, so it’s getting rid of one of them
Google Wallet was the company’s first attempt at enabling money transfers on Android with the Nexus S 4G, and no matter how many apps Google launches, it will seemingly always be around. Google Pay tried to replace both Google Wallet and Android Pay a few years ago, but in a few months, Google Pay will be gone, with Google Wallet back on top.
Android Pay popped up in 2015 as a temporary tap-to-pay king, while Google Wallet was recast as a Cash App / Venmo rival, but even when Google changed its mind and combined them, it couldn’t keep itself from messing with the formula again and again.
What’s left of Google Pay is apparently now superfluous, so after June 4th, 2024, it’s fading out and taking its peer-to-peer payment features with it (at least in the US, anyway). If you have funds still tied up in Google Pay, you should remove them while you still have a chance — unless you think Google might change its mind again.
https://www.theverge.com/2024/2/23/24080605/google-wallet-pay-mobile-payments-credit-cards-keys