Google launched its mobile payment platform Google Wallet, allowing consumers in New York and San Francisco pay for store purchases using their smart phones. Google Wallet started trial operations in May, with a system that lets shoppers store money on phones and pay at checkout. Google's payment system competes with payment systems of some of the top US banks and mobile phone companies and uses near-field communication (NFC) technology, used widely in Asia.
Google Wallet is supported by Citigroup, MasterCard, Sprint Nextel Corp and First Data. It will be available for holders of Visa, Amer