Not between Wallet AND Checkout, but in integrating the Wallet "system" with a system of POS-purchased gift cards. I expect that since Google is trying to get its arms around what is left of Checkout, and what is being built with Wallet, that adding in another big implementation of payments (prepaid cards that people will probably work hard to defraud) is not what they're super-excited to tackle.
I'm confused as to what you mean here. Purchases on Play are branded "Google Wallet".