Google Wallet has been sent to Sprint customers this week, with more carriers to follow. With the Google Wallet mobile wallet app on your phone, you can pay with Google Wallet at any place that has a MasterCard Pay Pass system. The Pay Pass wireless point-of-sale terminal, which many merchants now use, can accept various forms of wireless payment transactions, including a Google Wallet payment.
There are two things you have to have to get in on the first wave of Google Wallet, besides a Sprint account: you have to have a Nexus S, and you have to either have a Citi MasterCard, or be willing to use Google’s pre-paid card. Google has also said that it is working with Amex, Visa, and Discover, and hopes to bring them into the fold – and into the wallet.
In the future, in addition to ‘holding’ your credit card or pre-paid Google card, the ‘wallet’ will also hold store loyalty cards, coupons, and the like.
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Explains Osama Bedier, Google’s Vice President of Payments, “Our goal is to make it possible for you to add all of your payment cards to Google Wallet, so you can say goodbye to even the biggest traditional wallets.”
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