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Join Date: Aug 2005
Google Wallet launched in United States
Unveiled in May, the electronic Google wallet could be launched today in the United States.
In partnership with MasterCard, Google has unveiled its ambitions in the field of contactless payment. More specifically, Google Wallet is a service that will be shipped within smartphones with an NFC chip, including available within the Nexus S 4G. The wireless technology will allow the mobile to make payments directly from their phone. The user will also be able to archive their receipts and receive discount coupons. Google relies on MasterCard PayPass infrastructure, which is already in place in more than 300,000 merchants across the Atlantic.
The blog Techcrunch reported that shortly before the opening of the top NFC World Congress, which opens its doors today in Sophia-Antipolis, the partners received a note informing them that the Google Wallet would be officially launched today Monday, September 19. If Google is not present on the show, the official sponsor of the latter would then who benefits MasterCard will promote PayPass infrastructure.
In June, the analyst firm Juniper estimated that 50% of financial transactions via NFC would be conducted in the United States and Europe in three years. By 2014, $ 50 billion can be transited via NFC technology.