Of those interested in mobile wallet technology, eight out of 10 consumers would consider alternatives to banks altogether and moving their accounts to PayPal, and GoogleWallet is now deploying a card to complement their mobile wallet offering.
You can actually make a strong case that the built-in security measures of a service like GoogleWallet make it far more secure than a traditional plastic credit card in a leather case.
At commercial launch, GoogleWallet will support payments with two payment solutions: a PayPass eligible Citi MasterCard and a virtual Google Prepaid card.
Consumers will be able to pay for an item using a credit card or gift card, redeem promotions and earn loyalty points-all with a single tap of their GoogleWallet.