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Google to unveil mobile payments system soonGoogle is preparing to drop a bombshell of a news – we’re looking at a new mobile payments service that will be happening later this week. The service is touted to be made available via US carrier Sprint, and Bloomberg has this to say about the situation, “Google payments program will utilize near-field-communications-enabled (NFC) Android handsets. All Android handsets running the Gingerbread (or later) version of the operating system are NFC-capable.”

Google has already been running tests on NFC-based mobile payments at selected retail stores on both ends of the country, that is, New York and San Francisco – at least this is what was revealed in previously published reports. Just in case you were wondering, NFC technology involves more than just payments, and can be used for a different number of purposes. 

At first, the service will be made available to five different US cities, and they are New York, San Francisco, Los Angeles, Chicago and Washington, D.C.. Google’s rival on the smartphone scene, Apple, isn’t too far behind either as Cupertino is touted to deploy NFC-capable iPhones sometime down the road, but not so soon just yet.

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