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Google introduces mobile payment through Smartphone

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Mar 22, 2011
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Google now introduces mobile payment system that will let shoppers pay by waving their phone instead of using a credit card. Google will offer mobile payments with MasterCard and Citibank, as well as with cell phone carriers, hardware manufacturers and retailers.

These mobile wallets will be initially available only on Google's Nexus S phone and will use a Citibank-issued Master Card credit card number and a virtual Google Master Card prepaid card. Consumers can make payments at any of the 124,000 merchants that have Master-Card's Pay Pass terminals, which accept contactless payments.

to read more click here
http://www.siliconindia.com/shownews/Google_introduces_mobile_payment_through_Smartphones-nid-83998-cid--sid-.html