Tie-up paves way for future launch of Google Wallet across Europe, allowing the use of normal bank accounts to make contactless payments with a mobile
Google has signed a deal with payment firm Visa to allow users to link Visa credit and debit cards to its Google Wallet service, which launched in the US on Monday (September 19).
Google Wallet currently allows mobile near-field communications (NFC) payments using a Google Wallet app on Samsung’s Sprint 4G Nexus S handset in the US, but currently users have to sign up for a Citibank account and a Mastercard credit card.
The agreement with Visa gives Google a global licence to use the payment firm’s existing contactless payment system payWave, which already enables payments using NFC-enabled bank cards at 70,000 stores equipped with payment points across the UK.
The deal with Visa will allow customers of European banks which issue Visa cards to make payments from their existing accounts using the Google Wallet app on an NFC-enabled handset when Google launches the service outside the US.
Visa Europe CEO Peter Ayliffe said: “The convergence of payment applications on the mobile handset presents an exciting opportunity for banks, mobile operators and manufacturers to work together to offer consumers choice in the way they make and manage their payments.
“Building Visa technology into Google Wallet gives our member banks a revolutionary way to meet their customers’ needs through the smart phone.”
Orange already offers a mobile NFC payment system called Quick Tap in the UK, which requires a pre-paid card provided by Barclaycard.
Later this year O2 is expected to launch its own mobile money service, O2 Wallet, which will include the ability to make NFC payments using a mobile.