Google Wallet in Action

MasterCard, Google and Citibank have teamed up with Google to develop its Google Wallet, which the companies have been working on for nearly a year. Many experts think this might be the venture that ignites contactless payments into a full-on mPayments revolution.

“By the end of the month, we’ll have it live into the market,” said Chief Emerging Payments Officer Ed McLaughlin.

But for many, the notion of a digital wallet is still new. PYMNTS.com, which experienced the Google Wallet up close and personal, saw how it integrates with other MasterCard features, such as the budgeting tool inControl. Watch what happens when PYMNTS.com exceeds our allotted “entertainment budget” (as the song goes, girls just want to have fun) and hear Ed McLaughlin reveal the list of merchants participating in the Google Wallet pilot:

NEXT: MasterCard Mobile Goes Global – Interview with MasterCard’s Chief Emerging Payments Officer Ed McLaughlin →

(Editor’s Note: Google Wallet launched shortly after MasterCard Media Day 2011 on Sept. 19th.)

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