Google Wallet: from coins to paper money, to plastic cards and finally to NFC

The way we pay has always evolved at the same time society did

Google has launched a new application in order to allow the mobile payments. With this new app our phones become wallets. Its working consists on the storage of several virtual versions of our credit cards. When you see the symbols that allow mobile payment, tap your phone at the reader and it will send the payment.

Most of the experts consider Mobile NFC Technology (Near Field Communication) as the future of the payment industry for its convenience, security and easiness. The NFC has revolutionized the sector not only regarding the payments but also the customer experience.

Ought to the NFC Technology it’s possible to add services or information to any product, increasing its value. The new Google NFC wallet includes a service called Google Offer which let consumers to enjoy offers and deals. Buying or saving a Google Offer it will automatically synchronize Google Wallet where it will be stored to have your offers always with you.

It can also store loyalty and gift cards to be used in shops.

When you tap to pay in a shop, Google Wallet transmits your gift card information to the terminal.

Google Wallet is even more secure than the traditional wallets and cards because it has been developed with this purpose. It requires you to set up a Google Wallet PIN that must be entered before making a purchase. This PIN prevents unauthorized access and payments via Google Wallet.

Are you ready to change your wallet?

For more information please visit: http://www.google.com/wallet/