1. By @TindiKitindi

2. What is it? Android app that makesyour phone your wallet. Itstores virtual versions ofyour existing plastic cardson your phone. Simply tapyour phone to pay andredeem offers using nearfield communication, orNFC. 3. N.F.C. Technology that allows for simplifiedtransactions, data exchange, and wirelessconnections between two devices in closeproximity to each other, usually by no morethan a few centimeters. 4. Payments, offers, loyalty, and somuch more Google Wallet has beendesigned for an open commerceecosystem: an open commerceecosystem focused on armingdevelopers and merchants withthe technology tools needed todefine the future of commerce. 5. It will eventually hold many if not all of thecards you keep in your leather wallet today.And because Google Wallet is a mobile app, itwill be able to do more than a regular walletever could, like storing thousands of paymentcards and Google Offers but without the bulk. 6. Eventually your loyalty cards, gift cards,receipts, boarding passes, tickets, even yourkeys will be seamlessly synced to your GoogleWallet. And every offer and loyalty point willbe redeemed automatically with a single tapvia NFC. 7. Payments Give your smartphonesome credit . Tap your phone to pay withthe virtual credit cardsstored on your GoogleWallet. Citi MasterCard creditcards, and the GooglePrepaid Card. 8. CardsCiti MasterCard Its easy to set up a Citi MasterCardwith Google Wallet. If you alreadyhave a card, open Google Wallet andenter your account information.Google Prepaid Card The Google Prepaid Card is a virtualcard that you can fund with any ofyour existing credit cards..youactivate the Google Prepaid Card 9. Offers/Loyalty Google Offers are deals on products and services at local or online businesses. Whenever you buy or save a Google Offer, it automatically syncs to your Google Wallet so your offers are always with you. 10. Security Google Wallet is designedand engineered to enablesafe, secure payments. Google Wallet stores yourencrypted payment cardcredentials on a computerchip on your phone calledthe Secure Element. 11. The chip is designed to only allow trustedprograms on the Secure Element itself toaccess the payment credentials stored therein. The secure encryption technology ofMasterCard PayPass protects your paymentcard credentials as they are transferred fromthe phone to the contactless reader. 12. Advantages It will not disrupt the business model currently inplace between banks, payment processors andmerchants, as Google is not seeking a percentageof the payment transaction fee. It enables the provisioning of multiple bank andcredit cards, making it accessible to all banks. It will enable merchants to connect their Googleonline and mobile advertising directly to offlinepurchases through Google Offers. 13. Thank YouQuestions/discussion