“Eric Schmidt, Google’s executive chairman, believes that a third of check-out terminals in retail stores and restaurants will be upgraded to allow wireless “tap and pay” from mobile phones within the next year,” Tim Bradshaw reports for The Financial Times.
“The Californian internet company announced a new ‘Google Wallet’ for its Android mobile-phone software last month, alongside partners including Sprint Nextel, the mobile operator, and MasterCard, the payments firm,” Bradshaw reports. “He added that “most [mobile-phone] vendors” have announced they will include the necessary “near-field communication” chip in their devices in the next year, referring to LG, Sony Ericsson and Apple’s rumored new iPhone”
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Google’s Schmidt: We’ll offer Google Wallet on iPhone if NFC is added to future models – MacDailyNews – Welcome Home.