What have you always wondered about the economy? Tell us

Shots fired in impending mobile payment war

John Moe May 25, 2011

Well, shots are rumored to be fired tomorrow anyway. That’s when all the rumors (sniff sniff, smells like a controlled leak) say that Google will announce a new mobile payment system to be used on the Nexus S Android phone carried by Sprint. Sprint? Yep, the Ringo of carriers gets to go first here. From what it sounds like, you’ll be able to load up credit on your phone and then simply swipe it in front of a reader device when you go to pay. No need to open an app or fuss about with QR codes or anything like that. The service will initially be available in New York, LA, San Francisco, Chicago, and Washington. Google has scheduled a press event for tomorrow.
Every handset maker, every network, every operating platform are working on mobile payments right now. The era of the digital wallet is coming. Are you ready?

News and information you need, from a source you trust.

In a world where it’s easier to find disinformation than real information, trustworthy journalism is critical to our democracy and our everyday lives. And you rely on Marketplace to be that objective, credible source, each and every day.

This vital work isn’t possible without you. Marketplace is sustained by our community of Investors—listeners, readers, and donors like you who believe that a free press is essential – and worth supporting.

Stand up for independent news—become a Marketplace Investor today with a donation in any amount.