Google launches NFC based Google Wallet Payment System

With Near Field Communication becoming a standard in devices, today launched its based payment system with a limited availability. The payment system is pitted against traditional and debit cards, and your mobile device as a single repository for all your credit card/debit card information. As the name states, is meant to replace your wallet and provide more .

Also known as  Contact less payment System , At present the is available for Google devices which are NFC enabled. It supports Citibank's Master cards (with Paypass) and works on . But Google is expected to launch the service with other banks /VISA/Discover later this year after the current pilot.

Though Paypass is already in use with credit card, Google wallet will eliminate the need for you to take your credit cards outside your home. And in future might even replace plastic credit cards with virtual ones. But it remains to be seen how soon the adaption of this is.  But Google also have a incentive for the users of Google Wallet, it has worked with many vendors for providing more to users. Along with the Google Wallet , Google has launched Google offers to encourage the use of its payment system.

(Visited 80 times, 1 visits today)

One Reply to “Google launches NFC based Google Wallet Payment System”

Leave a Reply

Your email address will not be published. Required fields are marked *