Wallet will be a combination credit card, rewards program and coupon case when consumers tap their smartphones at the cash register. Google has partners with Mastercard and Citi for this application. What is interesting is that for now consumers will need an Android-powered smartphone with a near-field communications (NFC) chip, like that found in Google's own handset, Nexus S.
This year will go down as the one in which mobile payments will take off. Jack Dorsey from Twitter has launched Square and mobile carriers like AT&T, T-Mobile and Verizon have similar aspirations.
As phones become our wallets - will people start to steal mobile phones? That's something to think about - what do you think?
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