Smart phone is going to become smarter and smarter with the Google as Google is going to try Google Wallet app that will allow you to use your phone as a credit card. You’ll be able to tap, pay and save using your phone and near field communication (NFC). Google is field testing Google Wallet now and plan to release it soon.
It was rumored that near field communication (NFC) is going to available with Apple iPhone 5. However, Google has come up with demo and solution first.
Because Google Wallet is a mobile app, it will do more than a regular wallet ever could. You'll be able to store your credit cards, offers, loyalty cards and gift cards, but without the bulk. When you tap to pay, your phone will also automatically redeem offers and earn loyalty points for you. Someday, even things like boarding passes, tickets, ID and keys could be stored in Google Wallet.
At first, Google Wallet will support both Citi MasterCard and a Google Prepaid Card, which you’ll be able to fund with almost any payment card. From the outset, you’ll be able to tap your phone to pay wherever MasterCard PayPass is accepted. Google Wallet will also sync your Google Offers, which you’ll be able to redeem via NFC at participating SingleTap™ merchants, or by showing the barcode as you check out. Many merchants are working to integrate their offers and loyalty programs with Google Wallet.
Google wallet will be compatible with Nexus S 4G available on Sprint. Learn more about Google Wallet.
Official Google Blog: Coming soon: make your phone your wallet
