Sources: Google will not receive transaction fees for Android Pay like Apple does with Apple Pay because of change in rules by MasterCard and Visa
Google Misses Out on Apple's Slice of Mobile Transactions — Credit-card issuers' standardized security system means a loss of fee revenue Tweets: @mdudas Tweets: Mike Dudas / @mdudas : This is a relatively small revenue stream. $7T credit + debit purchase volume * 15 bps = $10B global total at 100% penetration. @Techmeme