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Google Wallet vs Your old wallet

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Google is launching Google Wallet

Your mobile to replace your old wallet

The big picture for Google Wallet is to gather all your cards and all the pieces you can find in your wallet at one place: your mobile.

Testing phase

For now it's only in testing phase in New York and San Francisco area. Few retailers will accept your payments at the beginning. Payments and coupons will be the first available features. You will need to wait a few years to replace completely your wallet.

Google Wallet product launch: youtu.be/...

Checkout the comparison table below to see how Google Wallet could replace your old wallet. What do you prefer ?
Link
Google WalletYour old fashion wallet
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CompatibilityNYC / San Francisco with selected retailersEverywhere
ActorsGoogle, Citi Bank, MasterCard, SprintVisa, MasterCard, American Express...
Privacy concernAll your transactions might be monitored by a single entityYour transactions could be anonymous with tender money.
Your transactions might not be all monitored by a single entity.
Thief safeYes The Wallet PIN code should keep your data safeNo your tender money will be lost so as your ID, credit card numbers...
Can hold
Multiple cardsYesYes
CouponsYesYes
ID cardYesYes
Loyalty cardsYesYes
Digital receiptsYes plannedYes http://myreceipts.com/
Concert ticketsYesYes
Hotel room keyYesYes only credit card shaped keys
Operating environment
Shock resistantNoYes
Water resistantNoYes
Require wireless receptionYes Not sureNo
Technical details
Single point of failureYesNo
AutonomyAlmost one dayFew years
Additional
Websitegoogle.com/...
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Mobile payment or old fashion payment ? Will Google wallet replace our old wallet ?
Finance
English
Public
Alexis Community
May 27th 2011 10:57:24 AM
May 26th 2011 10:02:47 PM
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