Google is on it’s way to revolutionize the current market the way how we do our payment. They are currently on initial stage of launching and testing their new Google Wallet.
In the past few thousand years, the way we pay has changed three times – from coins, to paper money, to plastic cards.
Now, Google will make another change to the next big shift.
Google Wallet is an Android app that makes your phone your wallet. It stores virtual versions of your existing plastic cards on your phone. Simply tap your phone to pay and redeem offers using the near field communication, or NFC.
Payments, offers, loyalty, and so much more
Google Wallet has been designed for an open commerce ecosystem. It will eventually hold many if not all of the cards you keep in your leather wallet today. And 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. Eventually your loyalty cards, gift cards, receipts, boarding passes, tickets, 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.
The Future of Commerce
Google Wallet is coming soon. When it launches, you’ll be able to use Citi MasterCard cards and the Google Prepaid Card with Google Wallet. You’ll be able to tap to pay at hundreds of thousands of merchants.