Google To Launch Mobile Payment System

Google is expected to launch a mobile payment system on Thursday that allows consumers to buy items and checkout with smartphones rather than traditional credit/debit cards. The system will run on the Google’s Android operating system and will be available on phones from Sprint Nextel Corp.

Google Mobile Payment

The service would allow users to pay for retail purchases by holding their smartphone up to a specialized reader at checkout counters.

Google has been working with MasterCard, the world’s second-largest credit card processing network and Citigroup Inc to develop this mobile payments system. During the trial period, the service will be available only for Citigroup credit/debit card users.

Google is planning to show off the technology and has invited reporters to attend a “partner event” on Thursday in New York.

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Joel Fernandes

Joel Fernandes (G+) is a tech enthusiast and a social media blogger. During his leisure time, he enjoys taking photographs, and photography is one of his most loved hobbies. You can find some of his photos on Flickr.He does a little of web coding, and maintains a tech blog of his own - Techo Latte.Joel is currently pursuing his Masters in Computer Application from Bangalore, India. You can get in touch with him on Twitter - @joelfernandes, or visit his Facebook Profile for more information.