May 24 AT 5:09 PM Alberto Vildosola 10 Comments

Google expected to announce a mobile payment service this Thursday, our wallets hide in fear

Google will unveil a new mobile payment service this Thursday, according to Bloomberg. El Goog plans to announce a new service that will allow people to use their NFC-enabled devices to pay for merchandise instead of using a credit card or cash. At first, the service will be available only for Sprint’s Nexus S 4G, but hopefully future NFC-packing phones will be able to join in as well.

Google is partnering with a handful of companies to make this possible. The web giant will be using hardware and software from VeriFone and ViVOtech, said Bloomberg.  With the help of these companies, Google will roll out this service to five cities across the nation — we hope they’ll expand nationwide later on.  Those cities are, New York, San Francisco, Los Angeles, Chicago and Washington, D.C.

It’s obvious that Google is very serious about mobile payments. One of the technologies behind mobile payments is NFC, and as we saw at Google I/O, the company is putting a lot of money and effort behind it. Like we said before, you can expect Ice Cream Sandwich to be jam-packed with NFC-related features.

We’ll bring you all the goodies as they’re revealed this Thursday, but if you want to watch the event live, it looks you’ll be able to do that right from Google’s official YouTube account. What do you guys want to see come out of this event? Are you ready to use your phone as your credit card? Let us know in the comments.

Source: Bloomberg

Alberto is a college student living somewhere between Miami, Sarasota and the World Wide Web. Although a former iPhone owner, Alberto is now a proud Android enthusiast. You can follow Alberto on Twitter and Google+ for his thoughts unworthy of an article.

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