Today, Google announced a new mobile payment system, called Google Wallet, that may just change the way we purchase goods and services. Google Wallet is essentially an app that turns your Android into a wallet by storing virtual versions of your existing plastic cards on your phone. Payments are made simply by tapping on your phone to pay and redeem offers using near field communication (NFC). It will first launch on Sprint’s Nexus S 4G, with more devices gaining support in the future.
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Exciting times, this could end up being huge. Japan would be proud, since they've been doing something similar for a while with NFC. Hopefully, Google can take it to the next level.