Google turns smartphones into credit card
Instead holding up checkout queues as customers rifle through their purses to find the right card, they will simply swipe the phone past an electronic reader to pay.
And experts claim it is a safer method of payment than magnetic strip credit cards, reports the Daily Mail.
Google has teamed up with Citigroup and Mastercard to develop the mobile payment system specifically for the Android phone.
The phone will also store shopping habits and trends so that retailers and businesses can more efficiently target consumers with discounts and advertisements.
Initially, holders of Citigroup-issued debit and credit cards would be allowed to pay for purchases by activating a mobile payment application developed for one current model and many coming models of Android phones, it said.
