Google Wallet Looks Awesome !

Posted by Mayank on September 12, 2011 in Google

Post image for Google Wallet Looks Awesome !

A lot of our payments are already coming out of cards as against cash and most of those card payments are coming out from a credit or debit card. Credit Card companies have several loyalty programs, which make us prefer one card over another. The convenience of putting all of that in one place is unparalleled and that is what Google wants to do. Google wants you to use Google Wallet – Your Phone is your wallet.

Google Wallet is an Android app that makes your phone your wallet. It stores virtual versions of your existing plastic cards on your phone. Simply tap your phone to select the card you’d like to use, pay and redeem available offers using. At launch, Google Wallet will be compatible with Nexus S 4G by Google, available on Sprint. Support to more phones will be extended later.

Google Wallet has been designed for an open commerce ecosystem. Initially it will work with Citibank Master cards and Google Prepaid cards only, but will eventually hold many if not all of the cards you keep in your leather wallet today. Eventually your loyalty cards, gift cards, receipts, boarding passes, tickets, even your keys will be seamlessly synced to your Google Wallet. And every offer and loyalty point will be redeemed automatically with a single tap via NFC.

How Google Wallet Works :
The below video shows how much easier life would be by using Google Wallet.

Google is getting more merchants to accept payments using Google Wallet and PayPass. The prominent ones now being Macy’s, Subway, Toys R Us, Walgreens, RadioShack, Guess, Footlocker, CVS, Coke etc. The ability to pay for something simply by using your phone would be a great favor to the environment (no more little pieces of paper from your credit card payments) and also very convenient because all your payments and spending is now centralized to your phone.

As of now, Google Wallet looks pretty promising. I see one drawback though (maybe something will address it in the future as well). What is your phone battery dies !

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