So Google Wallet is still alive, but now as more of a PayPal competitor
Google can be as straight forward a company as it can be confusing. There are cases like Google Calendar where there are really no other Google services to compete with it, and then there are cases like the mess behind Google’s Hangouts, Messenger, Allo, etc. For a while there, the same could be said about Google’s approach to both Android Pay and Google Wallet, but this just got solved a few minutes ago.
Google has just annouced that Google Wallet has now evolved into more of an online payments service. Think of PayPal if you will, as the service allows you to send and receive money between users, in addition to withdrawing money to your bank account. The new Google Wallet actually doesn’t even need an app, as Google is making it clear that this is more of a web service.
We assume that this will evolve to include more of the integration that we currently see with PayPal, but time will tell.