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Google to announce NFC powered mobile payment system tomorrow

Google is expected to announce a mobile payment system tomorrow at an event in New York, reported WSJ. Search engine giant is going to announce details on how a consumer make purchases using their NFC powered smartphones, and even get loyalty points or use discount coupons.

This mobile payment system will first make its way to New York and subsequently to San Francisco and other cities. More details will be given at the event on Thursday.

Google is said to be working with Citigroup, MasterCard along with VeriFone and ViVOtech, which makes credit card readers.

 

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