Mobile NFC Payments with Google Wallet

Google has announced Google Wallet, a mobile payment service which is currently being tested by Google, Sprint, Citibank, Mastercard, First Data and Sprint. It uses NFC technology which lets you make payments by simply tapping your device at the counter terminal.

Google Wallet is not just about payments as it also integrates merchant loyalty, rewards and even coupon programs that helps improve your shopping experience. What this means, you can get instant offers and redeem points instantly in a single tap. For those who are skeptical about credit card security, Google Wallet offers several layers of security which includes a PIN request before a transaction is made.

For those without credit card, Google is releasing Google Prepaid Cards which is a virtual credit that’s being offered by Mastercard and Money Network. In addition, it also can store shopping gift cards for selected retail outlets, making shopping more paperless. Overall, this eliminates coins, dollar notes and even the bunch of cards that we normally carry. The bad news however is that it will be available only in the US and only applicable for the Nexus S 4G for.

Maxis had a demo of the Nexus S’s NFC capabilities during the launch but so far we have yet to see any real application of it in Malaysia. However looking way back, NFC isn’t really new as Maxis does have a NFC solution called FastTap. Only available with a Nokia 6212, Maxis FastTap service offers both Visa Wave & Touch n Go mobile payments and it works in most places with Visa Wave and TnG terminals. We are wondering when Maxis is planning to extend this to the rest of the new devices with NFC. We simply love this concept and won’t mind using this for our day to day shopping.

For more information on Google Wallet, head over here.

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