Google To Unveil its Mobile Payment Innovation Tomorrow

In close co-ordination with MasterCard Inc, Google will introduce mobile payment alternatives for smartphone users.

Using this technology that will run on Google’s Android operating system will enable users to flash their phones at the check-out counters to pay their shopping bills, as also redeem coupons using this service. This innovation comes close on the heels of the search giant’s plan to use the NFC (near-field communication) technology, which it believed would boost the advertising revenues that the mobile medium could potentially garner.

Google plans to unveil its latest updates at a partner event in New York, which is scheduled for tomorrow.


Source: Bloomberg