I hope you enjoy reading this blog post.

If you want my team to just do your IT services for you, click here.

Google Wallet: Google’s New e-Wallet Service

by | 0 comments

Google may soon find itself going head to head with services like PayPal as it debuts a new service called Google Wallet, which enables users to transform their smartphones into virtual credit cards. Simply swipe over a participating outlet’s cashier to pay for your bills and earn loyalty points and coupons at the same time.

Smartphone technology has grown by leaps and bounds these past few years, and having a smartphone these days is almost synonymous to being online all the time. Software giant Google has decided to tap into this phenomenon with a new service called “Google Wallet”, which enables users to make purchases and payments from their smartphones.

Partnering with Mastercard, Macy’s, Subway, American Eagle, Citibank, and Sprint, Google assures users that their e-wallet service is safe. The service requires that smartphones have a special chip that allows the user to simply “tap” or “swipe” the phone at participating stores to pay for merchandise or services. When you swipe your smartphone’s e-wallet, you also earn coupons and points for rewards.

The technology is also designed so that the user can turn the chip off when Google Wallet is not being used, making it safe from hackers. If the smartphone is lost, the data can also be wiped remotely.

A similar system to Google Wallet has been operational in some countries including Japan for some time now, but its use is limited to only certain areas and stores there.

While the concept of Google Wallet has great potential, there are still several limitations to the system as Google continues to look for more partners for the enterprise before its official launch, which is slated for within a month or two.

Published with permission from TechAdvisory.org. Source.

Written by

Varay

About

Our blog provides actionable IT insights that empower you to enhance your company today. Keep up to date with the latest business technology, cybersecurity practices, and more by subscribing below!

Subscribe

Partner with Varay for IT Excellence and Business Growth!

Get In Touch

Partner with Varay or IT Excellence and Business Growth!

Your path to enhanced services and business growth starts here. Act now to elevate your IT experience with Varay!