We have seen the mode of payment turn around from coins to cards and now its the era of payments via mobile.
Well that’s what Google wallet is about,it turns your Android mobile into a wallet via which you can pay with just a swipe sort of act.All you need to do is turn on the app and swipe it across a terminal and TADEM !,your account gets debited.
Though this mode of payment is already under implementation in japan but a recent announcement by Google on adopting this technology and bringing it all wrapped up in an android app is sure to make a difference to the way world pays.
Google calls it “tomorrow’s best shopping experience” and also adds in discounts and loyalty points to push the service faster.
Google Wallet
Now the question arises, How safe is this ?
Well according to Google it is much safer than those plastic cards with a 16 digit number hassle. But since this is a software app you might wonder if it could be hacked,Google’s reply to this is that a hacker needs to be at least 4CM away from your phone to even try something.
Also the App is locked down by a pin and recent studies show that people tend to be more careful with their mobile than cards.
Google wallet is indeed convincing and convenient i must say but remember there is a privacy concern with your shopping habits.Google is tracking the infinetly long list of stuff you are purchasing but again that’s nothing new, if you are using a credit card you surely have compromised with this issue from long.
So it all adds up,this service does look promising and analysts predict it as a total replacement to the physical cards by 2017.
Pour in your opinion,we’d love to know whats in your mind about this.
