Google has come out with the virtual wallet.
Google Wallet is a mobile payment system developed by Google that allows its users to store
credit cards, loyalty cards, and gift cards among other things, as well as redeeming sales
promotions on their mobile phone.
The application was released on September 19, 2011. The application will only be available for
the Sprint Nexus S 4G although Google plans to develop the app for more phones. Google Wallet
enables users to pay with their Citi MasterCard credit card and the Google Prepaid Card, which can be
funded with any of the existing plastic credit cards.