Google Wallet announced yesterday.It also has the ability to use your smartphone to make mobile payments. By using an NFC enabled smartphone (Nexus S), you can store your card details in the phone and then make payment using the MasterCard PayPass system.
Google Wallet is an app that will be launched soon on Android smartphones. When launched, card details, loyalty cards and gift cards will be capable of being stored. This means that you can carry your wallet around with you, without the bulk of all the cards. Looking forwards to the future, Google also comment that boarding passes, ID cards and keys will also be able to be stored in Google Wallet.
Google Wallet on your Android smartphone will also allow you to store various offers on the device of which can be redeemed at many locations.As well as offering the Wallet service, Google is also opening up to other developers with APIs that will allow for other 3rd party systems to be integrated.