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How do I change my ATM card details in Google play as my old card has been damaged and I cannot purchase anything from my Android phone?

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As Dan has detailed in his answer you can change it via the Play Store on your phone or you can manage your payment methods via the Google Wallet site. This should allow you to remove your old/damaged card and add a new payment method.

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When you get the small white dialog with the green Buy button, press the down-arrow in the top-right corner (next to the price). Then click on Payment options and Add credit or debit card.

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