Google announces Google Wallet and Google Offers for mobile payments

[AWS]

During a press conference in New York City today, Google officially took the wraps off of its Google Wallet and Google Offers mobile payment services. Google confirmed that it is working with banks, retailers, and other partners to allow users to make mobile payments with their cell phones. “Your phone will be your wallet,” Google’s VP of Commerce, Stephanie Tilenius, said. “Just tap, pay and save.” Initial partners include Citi, MasterCard, Macy’s, Subway, Walgreens, and Sprint, and trials will begin today with a full launch expected this summer. The search giant said that more than 300,000 merchant locations in the United States will work with Google’s NFC-based mobile payment services, and Google Wallet will automatically apply discounts, loyalty rewards, or

Via BRG - Boy Genius Report