Google Wallet Will Come Pre-installed on Android Phones

google-wallet-preinstalled-androids

Google (GOOG) made the announcement in a blog post on Monday.

The Google Wallet app was first introduced in 2011. It stores credit card, loyalty card and coupon information digitally. Google Wallet users simply need to tap an NFC-enabled smartphone on a tap-and-pay credit card reader when they pay for things in stores. They can also pay with their Google Wallet accounts while shopping online, eliminating the need to enter any credit card or payment information during checkout.

“This is great for customers and for mobile payments and we’re looking forward to working with Google to help more customers experience the benefits of tap to pay on their Verizon Wireless smartphone,” according to an email statement from a Verizon Wireless spokesperson.

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SOURCE: CNN Money, Hope King

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