New Google Wallet Will Face Stiff Competition

Will Google be the company that transforms your smart phone into the only type of payment you will need to carry with you? It genuinely doesn’t matter, one way or another, we’re going to obtain there. The search engine giant just announced that its latest mobile phone app, Google Wallet, will be coming soon to the United States.


Google Wallet is the latest attempt to unite your credit card with your smart phone. Coupons and loyalty cards are coming along for the ride.
Google Wallet is the latest attempt to unite your credit card with your smart phone. Coupons and loyalty cards are coming along for the ride.

The digital payment method will use near field communication (NFC) so that it is possible to take a look at without having swiping. Just tap your phone on among the hundred of thousands of MasterCard PayPass devices and you are carried out. With potent partners for instance Sprint, Citi, 1st Information, and MasterCard, Google Wallet could possibly be the mobile app that gets us to put down the plastic and use our phones to pay. But they face stiff competition from Visa Mobile Payment, Isis, and Square - all of whom are generating huge plays to become the definitive digital wallet. This contest is sure to have several losers, but you and I won’t be amongst them. As smart phone payments go mainstream it will give buyers and merchants the chance to renegotiate with credit card companies and cut down on exorbitant fees. Digital wallets will make data mining, not dollars, the real currency of payments

Google announced their new Wallet mobile application in New York City, one of only two regions where the item will likely be field tested later this year (the other being the San Francisco Bay Area). I’ve cued up the following video of their hour long press conference to the short commercial that describes what Google Wallet is all about. Be certain to skip back to 28:00 to see a real transaction take place.

Google Wallet is the latest attempt to unite your credit card with your smart phone. Coupons and loyalty cards are coming along for the ride. Will Google be the company that transforms your smart phone into ...
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