We knew that Google was going to unveil their new mobile payment service yesterday, and Google Wallet is now official. Google has teamed up with mobile operator Sprint, plus some credit card companies which including Mastercard and Citi, plus First Data.
Initially the Google Wallet payment service will be compatible with the Nexus S 4G on Sprint, and users of the app will be able to store their credit card details and make payments with the compatible Citi Mastercard and a Google Prepaid card.
As well as being able to make payments, you will also be able to store offers, loyalty cards and gift cards on your NFC enabled device, and you will be able to tap to pay at compatible payment terminals.
Google Wallet is a key part of our ongoing effort to improve shopping for both businesses and consumers. It’s aimed at making it easier for you to pay for and save on the goods you want, while giving merchants more ways to offer coupons and loyalty programs to customers, as well as bridging the gap between online and offline commerce.
You can find out more information on how Google Wallet will work over at the Google Mobile Blog, and it is currently being tested by Google and expected to launch very soon, you can sign up to receive updates over at the Google Wallet homepage.