Google unveiled Â Google Wallet, a payment system on mobile contact-less (using NFC = Near Field Communications). The search engine aims to migrate payment by credit card on smart-phones. This market opportunity is simply HUGE.
Google Wallet is an Android app that makes your phone your wallet. It stores virtual versions of your existing plastic cards on your phone. Simply tap your phone to pay and redeem offers using Â near field communication, or NFC.
The first phones equipped with Google Wallet will be the Â Nexus S 4G Â at Sprint. Wallet will be launched in partnership with MasterCard and Citigroup to start. Â Wallet will work with Â Google Offers, which will give coupons on purchases that we make (a sort of loyalty geo-located card). Â Google Wallet Website: Â www.google.com/wallet/
Here is the Demo