Google gambles on video jackpot

Google gambles on video jackpot

Google looks set to debut its highly-anticipated Internet electronic payments service when it launches a pay-per-download online video service, dubbed Google Video Store.

Google was reported to be developing the payments application, called Google Wallet, last summer. The electronic payments system is thought to be similar to eBay's PayPal application, which allows consumers to pay for purchases by funding e-payment accounts from credit card accounts.

According to press reports, Google is set to begin selling video content, including entertainment, sports and news programming, from providers such as CBS Corporation, Sony BMG and ITN.

It is thought that customers will access the virtual video store via an interface and will be required to download a player on to their computers, while content could be paid for using the online Google Wallet system.

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