VIENNA, Va.—Navy FCU is rolling out Android Pay to its six million members worldwide.
Navy said it is one of the first financial institutions and the only credit union at the launch of Android Pay to add the mobile payments option.
Nearly one million Navy Federal members are active Android users, and approximately 90% of those users will have the mobile payment option, Navy said.
"We have a large member population that generates 70 million debit card transactions per month and we saw more than $1.2 billion in credit card sales in August alone," said Meghan Gound, Navy Federal assistant vice president, digital communications. "Android Pay makes sense for our members because we know they adopt mobile technology and are using their debit and credit cards to make transactions."
Android Pay adds an alternate mobile payment option to give members a simple, secure choice when paying for things with their mobile phones, said Navy. The service is free for Navy Federal debit cardholders and credit card holders.
"Offering digital services, like Android Pay, adds to our mobile payment options for our global membership made up of active duty military and their families who are more on-the-move than the average user. It's another convenience we're happy to be able to provide," Gound said.