@Rwatt: What happens when you attempt to use Google Pay? Do you get any error messages? If you head to Settings > Connections > NFC and Contactless Payments > On > Contactless Payments, is Google Pay set as your default payment option?
@AndrewL: I have the same problem. Checked settings and all looks good. Tried opening Google pay and get a message stating it does not meet security standards (same as before under beta ver). Tried using Google pay after updating to latest android 12 today (non beta) and its still not working. Any ideas on why it still thinks it is not compliant?
Thanks @Rustymoo / @Richmar83 tried both your suggestions and no luck so far. I even tried removing my main payment card and re-adding it. I was also on the beta programme before getting the official version the other day. Gpay seems to think it's still out of sync with official ver (see pic of Gpay contactless settings)