Google opened its smartphone wallet to the public on Monday.
Shops taking part in the program began letting people pay for purchases with taps of Nexus S 4G smartphones from US telecom carrier Sprint.
“With Google Wallet, you can tap, pay and save using your phone and near field communication [NFC],” said Osama Bedier, vice president of payments at the Internet giant.
Google Wallet uses an NFC chip embedded in a smartphone to allow a user to “tap-and-pay” for purchases at a checkout register equipped with the PayPass system from CitiMasterCard.
Wallet software is being sent to Sprint Nexus S 4G phones in the form of an automatic over-the-air update.
“Simply install the app and the next time you spot one of the more than 300,000 PayPass locations around the globe, you’ll be ready to go,” gdgt.com co-founder Ryan Block said in a blog post at the MasterCard Web site.
“I’m really excited about taking another step closer to a future where using your portable device to instantly pay is as easy, convenient and commonplace as making a call from anywhere in the world,” Block said.
Google and Sprint, along with financial partners Citibank and MasterCard, began testing Google Wallet in May.
Wallet initially works with the Nexus S 4G smartphone from Sprint and will eventually be expanded to more Android phones.
Visa, Discover and American Express made their respective NFC specifications available to Google on Monday so their payment cards could be added to future versions of Wallet, Bedier said.
“Our goal is to make it possible for you to add all of your payment cards to Google Wallet, so you can say goodbye to even the biggest traditional wallets,” Bedier said.
Customers can also use a Google Prepaid card to pay for purchases, topping up the Google card with any payment card, and take advantage of Google Offers, the Mountain View, California-based company’s online discount coupon program.
Wallet will be accepted by more than 300,000 merchants around the world.
NFC technology is being tested or used in a number of countries already, notably France, but Wallet will be the first to bring it to the US on a potentially large scale.
Google vice president for commerce and payments Stephanie Tilenius has described Google Wallet as the “next generation of mobile commerce.”
“We’re building an open commerce ecosystem that for the first time will make it possible for you to pay with an NFC wallet and redeem consumer promotions all in one tap, while shopping offline,” Tilenius said.
In addition to allowing mobile payments, Wallet allows consumers to pay using gift cards and to redeem promotions such as discounts or coupons.
Google has been beefing up local content and services as online lifestyles increasingly revolve around smartphones with location-sensing capabilities.
Google recently bought Germany-based local bargains website DailyDeal and venerable restaurant review guide Zagat.
Wallet is a platform where online shopping or bargain-hunting can merge with consummating real-world transactions, Bedier said.
“We notice a trend where people increasingly start shopping experiences online,” Bedier said. “We want to tie it into something we normally do — the payment process — with magical experiences that save you time and money.”
Separately, Google executive chairman Eric Schmidt will take center stage at a Senate hearing today into whether the Internet giant is abusing its dominant position in online search.
EU competition watchdogs began an investigation into Google in November and the US Federal Trade Commission opened its own probe into the company’s lucrative search and advertising business in June.
DECOUPLING? In a sign of deeper US-China technology decoupling, Apple has held initial talks about using Baidu’s generative AI technology in its iPhones, the Wall Street Journal said China has introduced guidelines to phase out US microprocessors from Intel Corp and Advanced Micro Devices Inc (AMD) from government PCs and servers, the Financial Times reported yesterday. The procurement guidance also seeks to sideline Microsoft Corp’s Windows operating system and foreign-made database software in favor of domestic options, the report said. Chinese officials have begun following the guidelines, which were unveiled in December last year, the report said. They order government agencies above the township level to include criteria requiring “safe and reliable” processors and operating systems when making purchases, the newspaper said. The US has been aiming to boost domestic semiconductor
Nvidia Corp earned its US$2.2 trillion market cap by producing artificial intelligence (AI) chips that have become the lifeblood powering the new era of generative AI developers from start-ups to Microsoft Corp, OpenAI and Google parent Alphabet Inc. Almost as important to its hardware is the company’s nearly 20 years’ worth of computer code, which helps make competition with the company nearly impossible. More than 4 million global developers rely on Nvidia’s CUDA software platform to build AI and other apps. Now a coalition of tech companies that includes Qualcomm Inc, Google and Intel Corp plans to loosen Nvidia’s chokehold by going
ENERGY IMPACT: The electricity rate hike is expected to add about NT$4 billion to TSMC’s electricity bill a year and cut its annual earnings per share by about NT$0.154 Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) has left its long-term gross margin target unchanged despite the government deciding on Friday to raise electricity rates. One of the heaviest power consuming manufacturers in Taiwan, TSMC said it always respects the government’s energy policy and would continue to operate its fabs by making efforts in energy conservation. The chipmaker said it has left a long-term goal of more than 53 percent in gross margin unchanged. The Ministry of Economic Affairs concluded a power rate evaluation meeting on Friday, announcing electricity tariffs would go up by 11 percent on average to about NT$3.4518 per kilowatt-hour (kWh)
OPENING ADDRESS: The CEO is to give a speech on the future of high-performance computing and artificial intelligence at the trade show’s opening on June 3, TAITRA said Advanced Micro Devices Inc (AMD) chairperson and chief executive officer Lisa Su (蘇姿丰) is to deliver the opening keynote speech at Computex Taipei this year, the event’s organizer said in a statement yesterday. Su is to give a speech on the future of high-performance computing (HPC) in the artificial intelligence (AI) era to open Computex, one of the world’s largest computer and technology trade events, at 9:30am on June 3, the Taiwan External Trade Development Council (TAITRA) said. Su is to explore how AMD and the company’s strategic technology partners are pushing the limits of AI and HPC, from data centers to