Google Wallet: Pay With your Phone
Earlier today, Google announced its new mobile contactless payment system which allows customers to make payments for Goods and Services with their phones using NFC Technology. THis launch is in partnership with a host of other companies including Subway, Macy’s, Walgreens, Toys ‘R Us, First Data, Citibank and MasterCard — plus Sprint on the carrier side. This is according to a report by engadget.
The testing of the system is already underway in San Francisco and New York with a summer release in the works. The system is only compatible with Sprint’s Nexus S 4G for now but extended support is promised for the summer release.
The system is also currently limited to the CitiBank MasterCard and the Google prepaid card though this should not be a major problem as the google card can be funded from any other card.
Google also announced Google Offers which sends you an offer every day and also allows you to view offers from participating merchants. It is closely tied in with google wallets and lets you redeem your offer and gain loyalty points also with the tap of your phone.
This is all US only for now though Google does have plans for an international expansion some time in the future. Unfortunately, I am not expecting it to be making its way to Nigeria anytime soon
What do you think of Google Wallet? Would such a system even work in Nigeria? Let us know your thoughts in a comment below.