28 September 2016
Business Intelligence: A Tech Revolution for the Evolution in Compliance

Google launches mobile wallet

19 September 2011  |  16964 views  |  1 google wallet

Search engine giant Google has kicked off a new era in payments with the formal launch of its mobile wallet service and the announcement of new co-operation agreements with Visa, Discover and American Express.

Initially, Google Wallet will be available only to consumers in posession of a Citi MasterCard (or prepaid card) and an Android-powered Nexus S from Sprint. As an incentive, Google is offering $10 on a Google pre-paid card to anyone who gives Wallet a try by the end of the year.



The official launch of the service has been much anticipated after Google first initiated field trials of the NFC Android app in partnership with VeriFone, MasterCard, Citi, Sprint and First Data in June.

However, the surprise announcement today of support for other popular credit cards from Visa, American Express and Discover adds a new dimension to Google's ambitions and firmly positions the service as a mass market proposition.

Osama Bedier, VP, payments, Google, says: "The world is on the brink of the next big shift in payments, and today's announcement demonstrates that we're making real progress in attaining the vision we share with our partners for a new and innovative mobile payments platform. We believe this is just the beginning of a transformation that's soon to come."

Peter Ayliffe, CEO of Visa Europe, adds: "The convergence of payment applications on the mobile handset presents an exciting opportunity for banks, mobile operators and manufacturers to work together to offer consumers choice in the way they make and manage their payments. Building Visa technology into Google Wallet gives our member banks a revolutionary way to meet their customers' needs through the smart phone."

KeywordsBAI

Comments: (1)

Adam Nybäck
Adam Nybäck - Anyro - Stockholm | 20 September, 2011, 00:36

The Google blog explains it a bit more vaguely - "Visa, Discover and American Express have made available their NFC specifications that could enable their cards to be added to future versions of Google Wallet."

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

PayPal goes after the high street

PayPal goes after the high street

15 September 2011  |  13630 views  |  1 comments
Americans trust Visa over Apple for m-payments

Americans trust Visa over Apple for m-payments

10 August 2011  |  12811 views  |  0 comments
Google to launch credit card; PayPal to move offline

Google to launch credit card; PayPal to move offline

21 July 2011  |  18374 views  |  1 comments
Google makes land-grab in new mobile commerce gold rush

Google makes land-grab in new mobile commerce gold rush

13 July 2011  |  12116 views  |  1 comments
PayPal sues Google and Bedier over m-payment trade secrets

PayPal sues Google and Bedier over m-payment trade secrets

27 May 2011  |  12011 views  |  1 comments
Google takes the wraps off mobile wallet

Google takes the wraps off mobile wallet

26 May 2011  |  15500 views  |  1 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit contisgroup.comVisit capgemini.comVisit www.abe-eba.eu

Who is commenting?

A Finextra member Finextra Member Commented on: PSD2 - opportunities,...
A Finextra member Finextra Member Commented on: R3 banks use Intel dis...

Top topics

Most viewed Most shared
RBS tests demonstrate ability of Ethereum to support a national domestic payments systemRBS tests demonstrate ability of Ethereum...
13992 views comments | 55 tweets | 47 linkedin
Swift beware: Ripple signs banks to global payments steering groupSwift beware: Ripple signs banks to global...
8692 views comments | 32 tweets | 17 linkedin
Banks clubbing together to tackle KYCBanks clubbing together to tackle KYC
7325 views comments | 3 tweets | 8 linkedin
Brexit offers exciting opportunities for growthBrexit offers exciting opportunities for g...
7202 views comments | 4 tweets | 3 linkedin
FCA to kickstart sandbox with 24 applicantsFCA to kickstart sandbox with 24 applicant...
7170 views comments | 33 tweets | 15 linkedin