Google Wallet mobile payment service introduced

This did not come as a big surprise , as Google hoped, but the company, along with Citi, MasterCard, First Data and Sprint, on Thursday officially unveiled its mobile payment service based on NFC technology - Google Wallet ( Google Wallet ).

As described in the previous topic: “In order to pay for the purchase, you need to bring the smartphone to a special module located at the point of sale, which„ counts “the information”. The application will also allow you to store credit cards, offers, loyalty cards and gift cards.

A significant number of retailers are already working on Google Wallet integration. To use the service, you will need a Citi MasterCard or a Google Prepaid Card, which can be replenished from any other card. Google Wallet will be fully compatible with the existing contactless payment system PayPass.
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The service will be synchronized with Google Offers , which sends an “offer of the day” email to the user and helps to find other offers from retailers.

Google Wallet testing will begin in New York and San Francisco, and a full release is scheduled for this summer. Initially, the only compatible phone is Sprint Nexus S 4G, but support for other phones is promised, and phones without NFC support can simply use special stickers (the Google Wallet application itself works on all phones).

Of course, all this is so far only for the United States, but Google will work on international expansion.