| disolitude said: ITs a service using NFC technology which allows you to add your Master Card credit card(for now) and use it wherever Mastercard paypass is available. Visa im sure is soon to release its own version that works with google wallet. It works in the same manner as bluetooth technology and no data service is needed. The chip on the phone it self contains the information about your credit card, and nothing else so it should be secure as well. Google wallet is one of the first, but there should be a few services like this available within a year. I expect paypal to release one as well as they were supposed to launch a service with google. Instead Google backed out last second, and released Google Wallet...and Paypal is taking them to court. |
Thanks disolitude. Really appreciate it. It sounds really promising. I end up with way too much change in the wallet when buying something with cash. Sure there is credit and debit cards but this sounds bit more intuitive somehow. I am sure apple will include this in their Iphone 5 or 5S. They really go one big feature per iteration.
Also paypal suing google. It seems it is really good time for lawyers (well when is it not good time for them). The samsung and apple patent lawsuit are going to be huge though.
