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Google Wallet Now Available to Select Users
By: Prashanth Shantharam  |  19, September 2011

Google, who unveiled their NFC product, Wallet, in May, is now making it available to the public. It’s currently only for Sprint Nexus S 4G owners via an over-the-air software update. Along with launch partners Citi and MasterCard that’s compatible with Wallet currently, Google adds Visa, Discover and American Express to future versions of Google Wallet.

Users of Wallet can now tap and pay at about 150K terminals in the U.S that works on MasterCard’s PayPass technology. With Visa’s partnership, Google can also leverage their payWave NFC powered terminals across a significant number (in the order of hundreds of thousands) of retailers globally.

In its Blog Post, Google states

“ 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”.

Mobile payments space is red hot right now, with varied players in the ecosystem right from Paypal to mobile carriers, all working on their versions of mobile payment solutions. In the following two years, consumers would have a slew of choices in opting for the mobile payment solutions that meet their needs.

It remains to be seen, which player would emerge triumphant in this space! Convenience and other frills (loyalty rewards points etc) would be the critical success factors to generate significant traction.

All Content Credit: Google

  

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Surfmobee is a site dedicated to providing intelligence on the mobile ecosystem. We track the mobile r/evolution everyday by covering news, reviews, and analysis. We profile emerging and existing ecosystem firms and highlight their innovation and impact to this space. We also periodically publish insightful research that elucidate on the mobile universe issues, opportunities and trends
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