“NEW YORK — Tech juggernaut Google rolled out its highly anticipated mobile payments system on Thursday, with company officials unabashedly declaring the advent of “a new-era of commerce.” Dubbed Google Wallet, the new product launched with a closely-related initiative: Google Offers, a targeted daily-deal service that will compete with the first-mover likes of Groupon and LivingSocial.
Google’s move instantly accelerates the booming point-of-sale digital payments arms race, and represents the most comprehensive and ambitious foray into mobile payments by any of the large players jockeying for position in the nascent but already-booming space that Google says it believes will quadruple over the next four years.
“We believe the shopping space has not yet been fully transformed by technology,” Stephanie Tilenius, Google’s Vice President of Commerce, told a packed press conference at its New York City headquarters.
Although Google’s digital wallet news was expected, Google Offers had not been on the press tech’s radar for today’s event — though it has been taken for granted that Google would build what it could not buy after Groupon reportedly spurned a $6 billion offer.”
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thanks google, you just made usa technologies, ticker:usat, one of the hottest company to own from the bottom up.usat makes it possible to execute transactions at point of sale, from your mobile device.