Google Launches Virtual Credit Card, Google Wallet

Google Launches Virtual Credit Card, Google Wallet

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Gregory Han
Sep 19, 2011

Google introduces their near field communications technology for retail transactions. But are Americans ready to follow the footsteps of our Asian country counterparts and ditch carrying around credit cards?

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.

At this time this new Android app is a Sprint exclusive, with Citi and MasterCard initial launch partners. According to Google, Visa, Discover and American Express have made their NFC specifications available to the team for future Google Wallet compatibility. We have high hopes NFC mobile payment systems are rolled out for coin-eating services like parking meters and washing machines.

[via Google Blog]

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