Google announced that it has received a worldwide license to Visa payWave, enabling consumers to make payments at retail locations by simply waving their mobile phone in front of a payment terminal.
This license sets the stage for Visa-issuing banks worldwide to enable Visa account holders to add their credit, debit and prepaid accounts to Google Wallet– a mobile application that turns a smart phone into a digital wallet.
Stephanie Tilenius, vice president of Commerce and Payments at Google, said:
“This agreement extends Google Wallet to Visa account holders worldwide. This is a crucial step towards realizing our shared vision for the future of mobile commerce – one that creates a rich shopping experience for consumers and merchants alike.”
Stressing Visa's commitment to enabling mobile payments, Jim McCarthy, global head of product, Visa Inc. said:
“Mobile technology is transforming how people pay for goods and services. This agreement builds on Visa’s strategy of enabling consumers to make mobile payments with whatever device they choose using the trusted accounts they already have.”
Google Wallet is designed to enable an open commerce ecosystem enabling consumers to carry payment cards, offers, loyalty and gift cards . Google is currently working with top retail brands to create a new mobile shopping experience.
The goal for everyone now is to simplify things, especially shopping experience. How can you simplify it further other than simply using your mobile phone to settle payments.