Google Launches Google Wallet

Google has announced that it will soon launch Google Wallet, a mobile app that turns your smartphone into a wallet using near field communication (NFC). Google says it is currently field testing the service and plans to make it available soon to consumers.

Google Wallet is a key part of our ongoing effort to improve shopping for both businesses and consumers. It’s aimed at making it easier for you to pay for and save on the goods you 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, it will do more than a regular wallet ever could. 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. Some day, even things like boarding passes, tickets, ID and keys could be stored in Google Wallet.

Google says Google Wallet will support Citi MasterCard and Google Prepaid Card at launch. Google Wallet will initially only be available with the Nexus S 4G, but Google plans to expand availability to other phones over time.


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