Google is preparing to unveil an NFC-based mobile-payment service tomorrow at an event in New York, allowing you to virtualize your cash and pay in stores using your Android phone. According to sources close to the matter, at first the service is going to be available for testing in New York, San Francisco, Los Angeles, Chicago, and Washington, DC If the new mobile-payment service turns out to be a success, a wider roll-out will follow.
The first stores to accept NFC payments will be Macy, America Eagle Outfitters and the fast-food chain Subway. With just a wave of your phone at the counter, you’ll be able to pay, redeem coupons and use discounts and even collect special loyalty points for a later use without ever reaching your wallet.
NFC technology is not limited only to paying for goods. The system can be used to get access to public transportation methods, getting into museums or art galleries and transfer money to other people.
