After a four month extensive testing Google yesterday announced their first version of their mobile commerce application Google Wallet to Sprint.In a blog post announcing the news, the search giant said it needed the time to extensively test the app, which lets users pay for goods by tapping their smartphones against special wireless readers, which are powered by MasterCard’s contactless “PayPass” technology.
Google Said they are going to roll out Google Wallet to all Sprint Nexus S 4G phones through an over-the-air update—just look for the “Wallet” app. Here’s a demo of Google Wallet in action.
In a video Ed McLaughlin, MasterCard’s Chief Emerging Payments Officer, said the months of experimentation in New York and San Francisco also helped refine the app, which functions like a virtual wallet of digital credit cards.
Osama Bedier, Vice President of Payments at google said in a blog post …
Google Wallet enables you to pay with your Citi MasterCard credit card and the Google Prepaid Card, which can be funded with any of your existing plastic credit cards. As a thanks to early adopters, we’re adding a $10 free bonus to the Google Prepaid Card if you set it up in Google Wallet before the end of the year.
When we announced Google Wallet, we pledged a commitment to an open commerce ecosystem. We appreciate Citi and MasterCard for being our launch partners. And today, Visa, Discover and American Express have made available their NFC specifications that could enable their cards to be added to future versions of Google Wallet.
Our goal is to make it possible for you to add all of your payment cards to Google Wallet, so you can say goodbye to even the biggest traditional wallets. In fact, we’ve got a video of our first customer, someone who is ready to replace his famously over-stuffed wallet. We hope Google Wallet gives him “serenity now.”
This is still just the beginning, and while we’re excited about this first step, we look forward to bringing Google Wallet to more phones in the future. You can learn more about Google Wallet at google.com/wallet.
This videos shows Tech Crunch Review Of GoogleWallet
