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Google to put money in your cellphone
By siliconindia
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Thursday, 06 January 2011, 00:18 IST
Bangalore: If Google has its way, you could soon be buying your groceries and paying for it through your mobile phones. People in the know of Google's plans inform that you can do so by just tapping/waving your cellphone at the checkout counter and the service may well be launched in this year.
Although Google has not made any official announcement on the same, the technology would make use of near-field communication (NFC) that enables communication wirelessly within a distance of four inch.
IE Market Research predicts that the NFC market will account for a third of the global mobile payment transactions by 2014. In U.S., carriers Verizon Wireless, AT&T, and T-Mobile have formed a venture known as Isis to offer NFC-based service. PayPal by EBay is expected to launch a NFC service by the second half of the year.
