Despite yesterday’s premature announce-ilation by Vivotech, Google announced formally the introduction of their new Google Wallet.
The long and short of it is that Google is looking to own the mobile purchase cycle from search to purchase. That’s a pretty powerful model to say the least and they are out of the gate running.
Google just announced its mobile payments system Google Wallet, which will also be bundled with its Groupon-killer Google Offers.
Google wants to put tickets, credit cards, receipts, coupons, and even your driver’s license in your Google Wallet.
A trial begins this summer in New York, Portland, and San Francisco this summer, with other cities to follow.