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Google opening smartphone wallets
Posted By admin On September 20, 2011 @ 7:31 am In Sci Tech | Comments Disabled
Sept 20, 2011
Google has opened its smartphone wallet to the public. Shops taking part in the program began letting people pay for purchases with taps of Nexus S 4G smartphones from US telecom carrier Sprint.
“With Google Wallet, you can tap, pay and save using your phone and near field communication (NFC),” said Osama Bedier, vice president of payments at the Internet giant.
Google Wallet uses an NFC chip embedded in a smartphone to allow a user to “tap-and-pay” for purchases at a checkout register equipped with the PayPass system from CitiMasterCard.
Wallet software is being sent to Sprint Nexus S 4G phones in the form of an automatic over-the-air update.
“Simply install the app and the next time you spot one of the more than 300,000 PayPass locations around the globe, you’ll be ready to go,” gdgt.com co-founder Ryan Block said in a blog post at the MasterCard website.
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