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Google Wallet NFC Payment Service launches

Sep 19 2011, 8:52am CDT | by , in News | Technology News

Google Wallet NFC Payment Service launches

First Google Wallet NFC Payment Terminal Spotted in the Wild

Google has not officially announced the Google Wallet NFC Payment service launch for smartphones yet, but a terminal got now spotted in San Francisco. GigaOm reports that a Peet's Coffee Shop in downtown San Francisco has a Google Wallet terminal.

With Google Wallet you just tap you phone against an NFC reader and the payment is done. Currently Google Wallet features Citi MasterCard and Google Prepaid cards as payment source.

The Where it Works feature on the Google Wallet page actually already lists tons of stores that support Google Wallet in San Francisco. I assume Google will soon post an announcement on the Google blog about Google Wallet.

Apple is also expected to launch NFC enabled mobile payment in 2012. Apple's advantage is are the 200 million iTunes accounts. You pay already for apps and media via iTunes. Soon you also pay for your Grande Latte as well with the credit card stored in your iTunes account - it will be just a tap away.

Update:
Google Wallet is now launched officially. Watch the introduction video. You need the Sprint Nexus S 4G to use it.

Now Watch

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