The ability for individuals to tap or swipe their phones to pay for things was made reality yesterday with the launch of Google Wallet, on the Samsung Nexus S. This marks the first digital wallet on the market and the evolution of how we can pay for things.
Currently, the only credit card that will be compatible with Google Wallet are Citibank MasterCards, which is one shortcoming. However, yesterday Google announced its step to license NFC technology from various other credit card companies, such as American Express, Visa, and Discover. Consumers also have the choice to load a Google Prepaid MasterCard.
Google is currently offering $10 to individuals starting to use Google Wallet. In addition to the ability to pay for goods and services, the real benefit of Google Wallets will be to deliver the Google Offers deals service, allowing individuals to enter loyalty cards into their Wallet. The end product is to have the ability to send promotional deals to customers on the basis of where they have shopped or where they are located.
If you have any questions, check out Google’s FAQ.
September 21, 2011 By Leave a Comment
Hello Google Wallet!
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