A few days ago, we told you that Google was most likely going to announce a mobile payment service using NFC. Today, that announcement is official, and it's called Google Wallet. Wallet is exactly what the name suggests: a payment service that aggregates all of your credit cards, coupons, loyalty cards, and more, into your Android phone. You can then not only use your phone to pay, but it will also enter your customer loyalty information automatically, as well as redeem any coupons that are loaded into your Wallet using NFC (near field communication).

Here are a few bullets about Wallet, how it works, and what to expect:

  • This service is going to officially launch this summer, but a beta program is already underway in San Francisco and NYC.
  • It will store your card information locally, but will not display it. It is protected by a PIN, and you will only have to enter the card information once (upon setup).
  • The initial launch will only included Citi MasterCards and pre-paid Google Cards and will work at existing MasterCard PayPass locations.
  • When Google Wallet isn't open/running or the screen is turned off, NFC is also turned off. There are various other security measures in place, as well - it is also tamper and laser resistant.
  • This service will only be available on the Sprint Nexus S 4G at launch, with more devices and carriers coming onboard in the future.

Also announced today was Google Offers: a Groupon type service provided by Google. Offers will be tightly integrated into Wallet, and will be delivered through ads, search results, and check-ins. You can add deals directly to you Wallet, and they will be automatically redeemed during checkout.

For more info on Google Wallet or Offers, check out the official sites, here and here respectively.

[Google Blog]

Cameron Summerson
Cameron is a self-made geek, Android enthusiast, horror movie fanatic, musician, and cyclist. When he's not pounding keys here at AP, you can find him spending time with his wife and kids, plucking away on the 6-string, spinning on the streets, or watching The Texas Chainsaw Massacre on repeat.

  • http://www.ericcamil.com Eric

    This is going to be amazing, the live-stream was well worth the watch (but with Google it usually always is.)

  • http://iandouglas.com Ian Douglas

    I'm disappointed that the TMobile Nexus S isn't going to be supported at launch, when the NFC hardware is identical. Sure, partnerships, blah blah blah, but there's no TECHNICAL reason.

    Wonder if someone will have the Sprint .apk downloadable to side-load on the TMobile phone, and if it'd work.

  • https://steamcommunity.com/id/m-p-3 m-p{3}

    I don't see any technical limitations as to why the Nexus S 3G wouldn't be supported at launch.

  • Bart D.

    All I can say is... This is going to be huge!
    I bet, by next summer, every new phone released will have this capability.

  • orlanka

    Nothing will ever beat cold hard cash

    • ZRod

      That the kid in front of you in line at the store dropped in the toilet he just went pee in then then gave to the cashier. Yep, cash wins.