Updated from 2:13 p.m. to include information regarding Google Cardboard.
SAN FRANCISCO (TheStreet) -- Google (GOOG) (GOOGL) unveiled several items at the company's two-day developer's conference, including a new version of its Android operating system, a revamped mobile payments system and a way for connected devices to talk to each other, as it tries to usher in the connected home era.
Google's senior VP for products, Sundar Pichai, and a host of other Google officials and developers took to the stage at Google I/O in San Francisco to tell the enthusiastic crowds what the company has been working on -- and what's coming in the near future.
Here are the biggest announcements to come out of the keynote address:
Android Pay -- The largest announcement was about Google's plan to challenge Apple's (AAPL) Pay, PayPal's (EBAY) Venmo, Samsung's (SSNLF) Pay and others vying for your attention and money. Android Pay is an application program interface (API) offering new sets of payment systems.
Just like Apple's payment system, Android Pay will be NFC-based and will support hardware biometric authentication for products with built-in fingerprint scanning such as Samsung's Galaxy S6's.
Dozens of retailers including Chipolte (CMG), Grubhub (GRUB) and Target (TGT) are on board. Using the new Android M operating system, the peer-to-peer service will allow users to transfer money directly to others others from smartphones, smartwatches and tablets.