09 February 2016

Google launches mobile wallet

19 September 2011  |  16570 views  |  1 google wallet

Search engine giant Google has kicked off a new era in payments with the formal launch of its mobile wallet service and the announcement of new co-operation agreements with Visa, Discover and American Express.

Initially, Google Wallet will be available only to consumers in posession of a Citi MasterCard (or prepaid card) and an Android-powered Nexus S from Sprint. As an incentive, Google is offering $10 on a Google pre-paid card to anyone who gives Wallet a try by the end of the year.

The official launch of the service has been much anticipated after Google first initiated field trials of the NFC Android app in partnership with VeriFone, MasterCard, Citi, Sprint and First Data in June.

However, the surprise announcement today of support for other popular credit cards from Visa, American Express and Discover adds a new dimension to Google's ambitions and firmly positions the service as a mass market proposition.

Osama Bedier, VP, payments, Google, says: "The world is on the brink of the next big shift in payments, and today's announcement demonstrates that we're making real progress in attaining the vision we share with our partners for a new and innovative mobile payments platform. We believe this is just the beginning of a transformation that's soon to come."

Peter Ayliffe, CEO of Visa Europe, adds: "The convergence of payment applications on the mobile handset presents an exciting opportunity for banks, mobile operators and manufacturers to work together to offer consumers choice in the way they make and manage their payments. Building Visa technology into Google Wallet gives our member banks a revolutionary way to meet their customers' needs through the smart phone."


Comments: (1)

Adam Nybäck - Anyro - Stockholm | 20 September, 2011, 00:36

The Google blog explains it a bit more vaguely - "Visa, Discover and American Express have made available their NFC specifications that could enable their cards to be added to future versions of Google Wallet."

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

15 September, 2011
10 August, 2011
21 July, 2011
13 July, 2011
23 June, 2011
27 May, 2011
26 May, 2011

Related company news


Top topics

Most viewed Most shared
Fintech rising: Resistance is futile, says...
11811 views comments | 51 tweets | 45 linkedin
Digital transformation driving earnings at...
10395 views comments | 48 tweets | 40 linkedin
Visa opens up to developers
8569 views comments | 24 tweets | 41 linkedin
European mobile banking service Pocopay go...
7255 views comments | 24 tweets | 14 linkedin
It may take ten years, but blockchain tech...
7152 views comments | 22 tweets | 19 linkedin

Featured job

up to £95K base, £190K OTE, benefits
London, UK

Find your next job