Google will unveil its mobile payment platform May 26 as reported by Bloomberg. The new platform will be initially launched on phones from Sprint using NFC (near Field Communication) in major US markets New York, San Francisco, Los Angeles, Chicago and Washington, D.C.
“The service will let consumers with specially equipped phones that run on Google’s Android operating system pay for goods and redeem coupons with their handsets”, said the source. The NFC technology is a short distance wireless(4”) highly secured connection between a smartphone and the NFC-equipped cash register.
Unless Sprint announces new Android powered NFC capable handsets, the “Google’s Pure” Nexus S is the only current capable device from the third-largest cellular carrier in the US.
RIM is known to be working on NFC support for its coming handsets. Apple is still considering this mode of payment in its next iPhone.
At the TechCrunch disrupt event, when asked about NFC and its potential, Stephanie Tilenius, VP of Google Commerce and Payments, said that the technology is an important opportunity for Android, telling the audience, “we’re making a big bet on it as a company. There is a lot of potential there.” She added that there is a ton of activity around NFC in international markets, giving the example of a successful trial of the technology that Starbucks ran in London.