Less cash in the pocket was the result of the introduction and the use of the electronic cards. Nowadays we witness another small revolution as seen those days. Google wallet is another attempt to eliminate the cash payment and the leather wallets with it. Most of the people are not aware of it, how it works or how they can benefit. However, that is about to change as time goes by.If you are part of the group that hasn’t heard about it first you need to know that the google wallet is an Android application that is used as a payment method. The idea is to save and collect all of your credit cards in single phone app and to pay with it wherever you go and for whatever need you might have. Plus, in you can store all the coupons and discount cards that you might have and to use them to save some money when doing certain purchase. All that you user of it will need to do when purchasing something is to tap the phone on the MasterCard Pay Pass retailer electronic card reader and the purchase is done.
The Citi bank, MasterCard and Sprint are the launching partners for Google wallet. The MasterCard is used as the initial payment network, Sprint as the first mobile carrier and Citi bank serves as issuing bank. On the other hand you have the initial list of merchants that accept google wallet as payment method. On that list you can find the following companies: Bloomingdales, Foot Locker, American Eagle Outfitters, Jamba Juice, RadioShack, Macy`s, Subway, Toys “R” Us, The Container Store and Walgreens. However, you need to know that you can purchase only from their stores that are located in the United States only.
Considering how much people rely on their smartphones and how much the industry has grown and it keeps on growing it is expected the Google wallet to grow with it. IThe predictions are that more and more merchants will accept Google wallet as a payment method. The younger generations of smartphone users are the ones that are accepted to lead the way by using the Google wallet as a payment method. Considering how much they rely on different aps for different tasks it is expected them to be the first to realize the full potential of it. And once they do so the experts strongly believe that the rest of the world will follow.
