Google launched a new service today that promises to change the face of electronic transactions. If merchants embrace the technology, you will have the ability to buy items at the store and use your phone to pay for it with your phone. On top of that, they will be able to tie it to other services, like Shopper, and Offers.
Imagine that you could get your coupons emailed to your Gmail account, and have them available when you get to the store. No more debit card. No more losing cash. I think it’s a great idea! But why do I feel apprehensive?
What do you think about trusting Google with your finances?
“Your phone will be your wallet.” That’s what Google’s promising with Google Wallet and Google Offers, which’ll combine payments and deals in one neat package. And it’s a pretty compelling little vision of the future of paying for stuff.
Google Wallet: How Google’s Going to Eat Your Real WalletGoogle Wallet: How Google’s Going to Eat Your Real Wallet
Google Wallet isn’t really one thing, so much as a bundle things tied together in one package. It’s an Android app. It’s a way for you to pay for things with your credit or debit cards, using your phone. It’s a coupon collector and loyalty card system. It’s another way for merchants to let you pay and offer up deals. It hooks into other Google services, like Shopper (which shows you nearby deals) and Google Offers. And Google is planning for it to eventually store everything you’d keep in a wallet.
- Google Wallet is here! (thefutureofmoney.wordpress.com)
- Google announces mobile payment system: Google Wallet (business.financialpost.com)
- Google Wallet Launch of the Day (geeks.thedailywh.at)
- Google Wallet for GSM Nexus S Will Require T-Mobile Blessing (phonescoop.com)
- Google Wallet “Single Tap” Demoed on Point-of-Sale System (slashgear.com)