Coming soon to a mobile near you… Google Wallet!
The app will be part of a new mobile payments platform that will turn your mobile phone into a digital wallet.
Google Wallet will enable users to store debit and credit cards, virtually, on their smartphone where payment can be made for goods using Contactless payment terminals. It is also unique in that it can be used for coupon redemption or as a loyalty card when in the vincinty of the merchant or service.
Mobiles will have to be NFC (Near Field Communication) enabled. A short range wireless technology which is used by the Contactless readers.
You might have already noticed a few Contactless readers in the news agents or a coffee shop where they are already used for touch and pay cards.
We should be expecting more handsets incorporating this tech in the near future. The first units with native NFC support to handle Google’s new payment platform will be available in the US on the Samsung Nexus S 4G provided by Sprint, a large telecoms provider.
It is being trialled in cities such as New York and San Francisco and soon to be expanding in other major cities.
You can read more about Google Wallet here.