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Google thinking to launch mobile payment services with NFC in 2011

Near Field Communication by Google, NFC launch, mobile payment service launch by Google, Mobile payment service


Google is seriously thinking to launch its Near Field Communication (NFC) based mobile payment service plan this year. Google’s intentions to come up with such a service were hinted by Google CEO Eric Schmidt when he launched Android version 2.3 or Gingerbread in November 2010 at the Web 2.0 Summit in San Francisco.


At the Summit Eric displayed an unnamed device rumored to be the Nexus S and said that the users of smartphone will soon have the facility of using it as a credit card, thus clearly indicating that Google is up for mobile payment service plan.


Near Field Communications or NFC is an emerging wireless technology that enables a device exchange data over short distance. Clearly NFC is not just another Gingerbread feature displayed by Eric in that Summit but a seed for something huge coming up.


NFC enables customers to pay for goods and services by just waving their Android based smartphones against a register at checkout. At the Web 2.0 Summit Eric Schmidt said, “You’ll be able to walk in a store and do commerce. You’d bump for everything and eventually replace credit cards.”.


Google has not officially announced anything regarding its plan to launch the services but sources close to the issue have said that Google may launch NFC based payment system as soon as this year. NFC enabled devices such as the Nexus S demonstrated by Schmidt is capable of reading information from smart tags, or any other object having NFC chips in them, or even special stickers with NFC technology in them.


NFC is Google’s short range wireless communications protocol that enables users take his smartphone equipped with an NFC chip and sensor that touches their handsets to a contact terminal, stickers or even posters equipped with the sensors to retrieve information or make purchases about a particular product or service.


According to Bloomberg Google intentions wee further cleared when we heard the search engine giant acquiring mobile payment technology in August when it purchased Zetawire that patented app for mobile banking, credit card, mobile coupon transactions, advertising and identity management. So in total if we see Google’s scenario first with Zetawire and then with Android 2.3 powered Nexus S we can say the company has something really solid in terms of mobile payment services.


Tags; Near Field Communication by Google, NFC launch, mobile payment service launch by Google, Mobile payment service

Comments

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Posted by isha
Google thinking to launch mobile payment services with NFC in 2011?
Google is thinking to launch mobile payment service with NFC.NFC is an emerging wireless technology that enables a device exchange data over short distance.
Posted by Shruti
Google thinking to launch mobile payment services with NFC in 2011?
Google thinking to launch mobile payment services with NFC in 2011
Posted by sm
Google thinking to launch mobile payment services with NFC in 2011?
Google is seriously thinking to launch its Near Field Communication (NFC) based mobile payment service plan this year. Google’s intentions to come up with such a service were hinted
Posted by sonia