Google Wallet for credit and prepaid card payments
Google has launched a new app called Google Wallet that allows its users to pay for services from their phones as if they were doing it from their prepaid or credit cards.
Google Wallet is an Android app that, according to Google, “makes your phone your wallet”. This means that it can save the virtual versions of your current plastic cards and store them in your phone so you can pay from there.
“Because Google Wallet is a mobile app, it will be able to do more than a regular wallet ever could, like storing thousands of payment cards and Google Offers, but without the bulk,” explained Google.
“Eventually, your loyalty cards, gift cards, receipts, boarding passes, tickets and even your keys will be seamlessly synced to your Google Wallet. And every offer and loyalty point will be redeemed automatically with a single tap via NFC.”
A developing system
However, the brand says that the number of cards available to be used in this system will increase considerably in the coming months. In fact, it said that VISA, Discover and American Express will be supported in the next version of the Google Wallet, along with store gift cards and loyalty cards from partner merchants.
So far, Google Wallet has been released in the US for Sprint customers using the 4G version of the Nexus S, so it only works on phones that have built-in Near Field Communications (NFC) chips.
In the future, though, Google Wallet aims to expand to more phones and systems, and will arrive in Europe in a few months.
“This is just the beginning, but we believe that, in time, your phone with Google Wallet will be the one thing that holds everything you need to carry,” claimed Google.