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Google Announces Google Wallet, Google Offers

by Robert Quigley | 12:26 pm, May 26th, 2011

At a press event today, Google announced two new services that seem aimed at capturing the sizzle of upstarts like Square and Groupon. Google Wallet is an NFC-based mobile payment system, backed by heavies like Citi, MasterCard, and Sprint. Google Offers is, as we’ve previously covered, a daily deals service which will start out in Portland, New York City, and San Francisco, to be followed by a nationwide rollout.

Google says that more than 300,000 retail locations will support Google Wallet at launch, which is scheduled to take place officially some time this summer, though “field testing” will begin in New York and San Francisco today.

Because Google Wallet is a mobile app, it will do more than a regular wallet ever could. You’ll be able to store your credit cards, offers, loyalty cards and gift cards, but without the bulk. When you tap to pay, your phone will also automatically redeem offers and earn loyalty points for you. Someday, even things like boarding passes, tickets, ID and keys could be stored in Google Wallet.

The two services integrate, such that paying by Google Wallet allows users to automatically activate any relevant deals. Engadget: “To redeem offers you just have to tap your phone, no fumbling for e-mails.” It’s too bad Sprint is the only carrier supporting this at launch, but Google’s entry into mobile payments is a big deal, and will likely force a similar foray from Apple if it wasn’t already planning one.

(via Engadget, BGR, This Is My Next)

  • http://twitter.com/JaredRonski Jared Ronski

    Love the idea of a universal wallet, I hate carrying card around and I am happy that google was able to pull this all together. Online wallets have been around forever, with one purpose or another. I think this will translate well in the offline world.

  • Cacee831

    Hilarious that at the end of the article about google it says: Want to know more? Search for it on Bing 

  • Anonymous

    Google announces there mobile payment system Google Wallet http://bit.ly/h1rLOK

  • Nora Bartel

    This is going to be a
    great new way to make payments for daily deals. 
    I think it is going to be very convenient for people who are on-the-go.

     

    A great way for
    consumers to find deals and sales in their respective areas is by using
    http://www.dailydealpool.com.  This site
    will email you daily with the best buys available, ensuring you won’t miss a
    steal!

  • Nora Bartel

    This is going to be a
    great new way to make payments for daily deals. 
    I think it is going to be very convenient for people who are on-the-go.

     

    A great way for
    consumers to find deals and sales in their respective areas is by using
    http://www.dailydealpool.com.  This site
    will email you daily with the best buys available, ensuring you won’t miss a
    steal!

  • Alternative Thought

    hmmm?,,,
    A quick way for hackers to bump you and steal straight from your pocket
    (or a “malfunction” from stores will falsely charge your credit while walking by)

  • Alternative Thought

    hmmm?,,,
    A quick way for hackers to bump you and steal straight from your pocket
    (or a “malfunction” from stores will falsely charge your credit while walking by)

  • http://twitter.com/alucard3131 Tung

    i wonder how much longer till groupon wait until they SUE google.

    NFC is a huge market and every1 wants a piece… http://googlewallets.blogspot.com/2011/06/money-money-in-nfc.html


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