At last night's Google I/O conference, the company announced plans to take its Google Wallet application to the next level, beyond just paying with your phone. Now, you can email your rent money; pay off that long owed tab to your friend with just a click on the send button.
The announcement, followed by a post on the official Google Blog, showed that Google is clear on making its Wallet application a web-friendly service as well. The new e-mail feature, integrated with the attachment option that has always been available on Gmail, makes paying as easy as sending a photograph or a document.
Another interesting part here, is that you can send cash via -emails to anyone, and are not limited to just Gmail users. Adding to the service, Google makes it free to transact using the Wallet if your bank account is linked to your Google Wallet, or if you subscribe to a Google Wallet pre-paid account. There is a service charge if you use Google Wallet linked credit or debit card to make your transactions.
Google Wallet just got better.
How you work this is really easy. When in your Gmail account, you will need to compose a mail, and in the new window, take your mouse cursor to the attachment option. A "$" symbol will now appear with the other options, and after clicking on it, you can fill in the amount of money you want to send, and click send.
For now, the feature can only be used on a desktop. And the e-mail feature works only for money transfers that are occurring within the US. If you want to use your cellphone for transactions, you can go to the Google Wallet mobile site at wallet.google.com. And setting up your Google Wallet account is a simple process, involving a form and your account details.
The security of your transactions is guaranteed by Google Wallet protection plan, which protects against “eligible” unauthorised transactions. More importantly, no account information is sent out via any of the mails you may send. The new feature will be available through the US to everyone who is above 18 years of age, and the applications of this new feature aren’t that hard to imagine.