Google has announced the next generation of mobile payment service named Google Wallet at an event yesterday, this service makes use of the NFC(Near Field Communication) technology to authorize payments and for now it will be available for Nexus S, the live trials have already begun with full service release expected to follow soon which will make most of the high end Android mobiles compatible with the Wallet service.

How Google Wallet Works

You will need to enter your Citi MasterCard or Google Prepaid card details into your Wallet which can then be used for purchases with just by touching your mobile phone with the Google Wallet terminal. Watch the video Wallet’s intro video below :

Purchasing with Google Wallet

For more information visit official home page of Google Wallet

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