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Google to launch mobile phone payment system

interns Contributor
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Google is today set to unveil a new kind of payment system which will allow a mobile phone to be swiped like a credit card.

[…]

The mobile wallet idea was dreamed up around a decade ago and shoppers abroad, especially in Asia, can already wave cellphones at the check-out counter to pay for everything from food to fuel.

But it has not yet come to fruition in the U.S. market, hampered by industry infighting, consumer tastes and regulatory hurdles.

Full story:  “Now you can really pay as you go: Google to unveil ‘mobile wallet’ phone that can be swiped as credit card”

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