Google Wallet is a service that can be accessed by smartphones powered by Google's latest version of its Android mobile phone operating system. It allows shoppers to pay for their purchases by just bringing their Google Wallet-capable phone into proximity with a Google Wallet reader. To do this, it uses what's called near-field communication technology.
Right now, Google Wallet works only with Sprint Nextel
Google introduced Wallet with little fanfare in September, but it's now starting to turn up the volume with a series of road shows. It will be demonstrating Google Wallet in New York City, Chicago, San Francisco, Los Angeles and Washington, D.C., between now and mid-January. The demos will take place at various retailers, including Duane Reade, Jamba Juice, Walgreens, Peet's Coffee & Tea, and Foot Locker.
Google Wallet can also be used to download and use coupons, merchant loyalty cards, and gift cards into their phones. Other uses Google wants to incorporate are the abilities to store boarding passes, tickets, and ID cards.
The systems for using near-field communications are just being implemented, but the potential for this technology is huge. Telecom specialist Juniper Research believes that by 2015, global NFC transactions will be close to $670 billion.
I have my phone and my wallet, but I can't find my keys. Is there an app for that?
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