Gpay

  Google is launching a trial of its payment system in collaboration with Mastercard and Citibank. The payment system is set to open to consumers in the summer and expand across the country. The new payment system will be introduced first on the Google Nexus S 4G smartphone, connecting to only Mastercard Paypass channels. Consumers will be able to use a "single-tap" solution which allows consumers to pay with a tap of a button on their smartphone. Whether this concept will be accepted by retailers and consumers, it's still up for grabs. Would other companies such as Visa, etc. be willing to join this movement or would they be against it? Even if the Google wallet was launched in the summer, how would this affect the already giant success of a company called Google?