Recently, Google introduced Android Pay in a move that transformed the company’s current Wallet application into a peer-to-peer payments service. That new application went live on Android when the new pay service launched on September 10, and has now arrived on iOS, as well.

The new Google Wallet for iOS application has been totally revamped with this peer-to-peer focus. With PayPal's new Pay.me service, Facebook, Square Cash, and Snapchat, competition is hot and there are a lot of companies in the peer-to-peer payment space already. One of the eminent aspects of Google Wallet is that it permits to send cash to anybody in the U.S. by using just an email address; the individual doesn't even need to use the Wallet service themself.

You can order a Google Wallet Card from inside the application on your phone. The primary advantage is that it allows you to spend the charge for your account physically in stores, or withdraw it from an ATM to get the real money in your hands. The other option is to cash out the amount in the account to a debit card or bank account that is linked to your account.