In limited distribution right now, but I’m curious to know who is using Google Wallet, and what the early impression is?
Google Wallet is an app that allows owners of the Sprint Nexus S Android phone to, essentially, use that phone as their wallet. For instance, the app allows the owner to make Tap and Pay transactions at all PayPass enabled merchant terminals.
Google Wallet has been designed for an open commerce ecosystem. It will eventually hold many if not all of the cards you keep in your leather wallet today. And because Google Wallet is a mobile app, it will be able to do more than a regular wallet ever could, like storing thousands of payment cards and Google Offers but without the bulk. Eventually your loyalty cards, gift cards, receipts, boarding passes, tickets, even your keys will be seamlessly synced to your Google Wallet. And every offer and loyalty point will be redeemed automatically with a single tap via near field communication (NFC).
To be completely clear – watch the video below to understand what Google Wallet is trying to do:
- A closer look at Google Wallet (news.cnet.com)