> Whatever they come up with, I hope it doesn't tie you to a Google or Apple smartphone.

Even if it does, Google won't be taking a cut from it.

Also, it's then much easier to provide a mobile web version, or something else.

My country's internal system also sells a bracelet for contactless payments, and there are obviously payment cards.

Once there's a mandatory standard, it's much more likely competition will show up. EU wide SWIFT, direct debits, instant transfers, all show this.

What would Google prevent from taking a similar cut as Apple is taking?

	▲	supertrope 12 minutes ago \| parent [-]
		Lack of negotiation power. Less control over Android than Apple has over iOS. Google keeps self-sabotaging Android Pay. They lacked market power so cellular carriers blocked it hoping to advance their own payment ecosystem (ISIS). Google changes the payment brand every few years, and fragments it into two separate apps or combines them. It's rather like their messaging strategy.