London, May 27 (ANI): Web giant Google unveiled an application that allows users to pay for goods with their mobile phones in New York on Thursday.
With 'Google Wallet', the smartphone application, customers will now be able to pay their purchases just by waving their phone's screens across a terminal reader, reports the Daily Mail.
The app, which will be launched this summer, signals the start of what Google calls the age of mobile and local know simply as 'MoLo'.
The project is designed in conjunction with MasterCard and Citibank, and so far the likes of Macy's, American Eagle Outfitters, Subway, Walgreens and a host of other brands have signed up to the scheme.
Using Near Field Communication technology, the app will allow users to purchase goods. The payments will then be sent to the merchants who may choose to provide shopping incentives for the consumer.
Google also hopes that one day boarding passes, concert tickets and even driver's licenses will form apart of the app.
"Eventually everything can go in the Google Wallet," said Google. (ANI)
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