Google – Mobile Payment
Google has received a worldwide license to Visa payWave, an innovative NFC-based payment technology. Visa payWave enables consumers to make fast and secure payments at retail locations by waving their mobile phone in front of a payment terminal and is currently accepted at hundreds of thousands of retail locations worldwide. berlinstartup.com tried the phone on the WMC 2012 and it worked perfectly.
Visa-issuing banks will Visa account holders enable to add their credit, debit and prepaid accounts to Google Wallet – a mobile application that turns a smart phone into a digital wallet, just to simplify the consumer shopping experience by enabling them to make mobile payments using their mobile phones.
Sounds like a step towards realizing shared vision for the future of mobile commerce – one that creates a rich shopping experience for consumers and merchants alike. Visa’s progress in making its products available as a payment option in any digital wallet. This includes Visa’s own digital wallet announced earlier this year which is designed to provide consumers with “click-to-buy” payment functionality and access to their Visa and non-Visa accounts using a personal computer or smart phone, to make purchases online and at retail locations.
Google Wallet is designed to enable an open commerce ecosystem enabling consumers to carry payment cards, offers, loyalty and gift cards and eventually much more. Google is also working with top retail brands to create a new mobile shopping experience.