Google Wallet going liveFeature Rumor
Posted by Seth PlanckJuly 19th, 2011 at 10:07 PM Filed Under Latest News, Rumor
Google Wallet going live this summer for Sprint Google Nexus S 4G owners
Google Wallet is going live this summer and we are not surprised, because just ten days ago we posted to let you know that Sprint was sending out an update for the Google Nexus S that enabled the secure element portion of the phone which until that time had remained inactive. Also, this last week Sprint slashed the price of the Google Nexus S down to $99 and we shared we had found it for $50, which you can get the links to here. It seems like an eternity ago that Google started testing Google Wallet, which is its NFC mobile wallet that lets you pay for goods and services by simply waving your phone across an NFC-enabled POS terminal. In fact, it has only been since late May and now the El Goog is getting ready to expand the trial to anyone on Sprint who has the Google Nexus S 4G. You just know it’s going to be like Harry Potter as everyone with the aforementioned phone is whipping out their Nexus S’ and waving them around to pay for anything they can find an excuse to buy. We advise wearing a hard hat if a friend uses the Nexus S and you are out and about with them.
It’s great Google Wallet is going live this summer, but how do I use it?
Well, once unlocked, the Google Wallet application gives you the ability to use its prepaid virtual GCard, provided by Citi. Just set it up and off you go at anywhere that accepts MasterCard PayPass contactless payments. However, if you have a Citi MasterCard, you can link it through to your Google Wallet and never look back as you jet off into the sunset with your bonafide provisioned NFC mobile payments solution. If that is you, please spend responsibly and try not to make too much fun of iPhone users as they have feelings too!
The business nuts and bolts of Google Wallet going live this summer
We know it’s hard to remember that Google is a business with all the free stuff they are always giving us. However, in fact they are one of the most successful businesses here in the United States, if not the world, and are past masters at developing products and services that give consumers the free stuff while creating revenue streams from businesses. But a business Google is and to that end they need to look after their investments and Google Wallet is a humdinger of an investment. Today, Isis revealed a little more of their plans which not only to compete with Google Wallet, but may even lock it out of markets. The actual situation is still revealing itself and Isis isn’t going to launch until next year, so the Googmeister is setting its Google Wallet beast free earlier than any of its competitors. It makes sense for Google to capitalize on the inertia it already has with Google Wallet and stake out its claim on the payments industry for itself and its partners.
We don’t know what the future holds for NFC mobile wallets but we bet it is going to get messy. But this summer, enjoy the Google Wallet and be merry.