Google Wallet brings "wave and pay" to mobile phones

The search company created the announcement back in could 2011, but till currently, has yet to launch a first version of the app.

Using near-field communications (NFC) technology, the Wallet is “aimed at making it easier for you to pay for and save on the products you wish, while giving merchants additional ways that to supply coupons and loyalty programs to customers, additionally as bridging the gap between online and offline commerce”, Google said in its could blog post.

The mobile app suggests that one phone can store a large number of cards and be sent offers, additionally as keep track of a user’s spending.

The first version of the app only supports a Citi Mastercard and a Google prepaid card. it will work wherever the contactless Mastercard ‘PayPass’ is put in.

As a due to early adopters, Google is adding a $10 free bonus to the Google Prepaid Card if US users set it up in Google Wallet before the end of the year.
Additionally Google announced via its company blog last night that Visa, Discover and yank categorical have all created their NFC specifications out there that might enable their cards to be added to future versions of Google Wallet.

“Our goal is to make it possible for you to add all of your payment cards to Google Wallet, therefore you'll be able to say goodbye to even the biggest ancient wallets,” wrote Osama Bedier, vice chairman of Google’s payments teams.

“This is still simply the start, and while we’re excited about this 1st step, we look forward to bringing Google Wallet to additional phones within the future.”