Google Wallet is a virtual wallet, that can store your credit card, gift card, debit card details digitally in smartphones. Basically Google Wallet is a mobile payment system, you can pay your bill by just tapping your smartphone in a ‘pay pass’ readers, while tapping, the information related to your credit card are transmitted to the retailer with the help of integrated NFC chip in the smartphone.
[ If you are not familiar with NFC please refer to previous posts -Near Field Communication ]
Now, at the beginning, Google Wallet offers service for a small set of people who holds Citibank Master Card and Google Nexus S Smart phone which is one of the very few NFC enabled phones available today and also these set of people has to set up their Google prepaid account before start using their Google Wallet.To add the complex requirement very few but mobile operators are compatible to Google Wallet.
As the system evolves, with the addition of more credit card services or banks to Google Wallet, and availability of sufficient retailers or sellers who adopted to this new mobile payment technology, and with other Google promotion steps like advertisements, offers, loyalty programs, coupons etc, Google can convince its future Google Wallet customers to ditch their old leather wallets and migrate to virtual Wallet.
Get your Google Wallet here or Buy Google Nexus S Smart phone which is the only phone that supports Google Wallet now. Share your view about Google Wallet in comments, if you are using it please let us know your experience.
Written By Sakthi Tharan (tharansakthi)
About Author: Developer and Web Designer, blogs about latest technology and tech news.
