Google Inc. has launched a mobile payment service called Google Wallet, Thursday (05/26/2011). This service is available on mobile phones Sprint Nextel Corp. The service allows owners to pay the phone and diluted coupons via mobile phone operating system Android.

This technology on the Nexus Android phone from Sprint S, the third mobile operator in the United States. Google uses a short-range or near field communication (NFC). This technology enables mobile phone users at the box office is equipped with NFC payment.

Google launched this service in five cities, New York, San Francisco, Los Angeles, Chicago and Washington.

Borrell Associates Inc. estimates that the cost to the United States with mobile coupons will generate $ 6530000000 in 2014 compared to 370 million years ago in U.S. dollars.

Google uses hardware and software from several companies, such as Systems, Inc., VeriFone and ViVOtech Inc., to run this service.