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Google makes your phone your wallet

Tuesday, June 07, 2011
Google Wallet, an app that will make your phone your wallet. You’ll be able to tap, pay and save using your phone and near field communication (NFC). the application now is been field testing and plan to be released soon.

Google Wallet aims at making it easier for people to pay for and save on the goods they want, while giving merchants more ways to offer coupons and loyalty programs to customers, as well as bridging the gap between online and offline commerce.

Because Google Wallet is a mobile app, You'll be able to store your credit cards, offers, loyalty cards and gift cards, but without the bulk. When you tap to pay, your phone will also automatically redeem offers and earn loyalty points for you. Someday, even things like boarding passes, tickets, ID and keys could be stored in Google Wallet.

At first, Google Wallet will support both Citi MasterCard and a Google Prepaid Card, . From the outset, you’ll be able to tap your phone to pay wherever MasterCard PayPass is accepted. Google Wallet will also sync your Google Offers, which you’ll be able to redeem via NFC at participating SingleTap™ merchants. Many merchants are working to integrate their offers and loyalty programs with Google Wallet.

In the beginning, Google Wallet will be compatible with Nexus S 4G by Google, available on Sprint. Over time, it is planed on expanding support to more phones.

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