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  (Source: slashgear.com)
Google Wallet currently only supports Citi MasterCards and Google Prepaid cards, but will support Visa, Discover and American Express eventually

Google officially launched its near field communication (NFC) venture "Google Wallet" yesterday, and unleashed another bit of news: support for additional credit cards is on the way.

Google Wallet, which was announced in May 2011, is a mobile payment system that allows users to store credit cards, gift cards, loyalty cards and offers in their Android-powered device. They then pay for every day items by simply tapping the phone at a PayPass-enabled checkout, eliminating the need for cash and credit cards.

Google Wallet is available only for the Sprint Nexus S for now, since Google partnered with Sprint, Citi, MasterCard and First Data for the venture. AT&T, T-Mobile, etc. Nexus S users will have to wait an unspecified amount of time before it will become available for them.

Also, Google Wallet currently only supports Citi MasterCards and Google Prepaid cards. But with the launch of Google Wallet today, the tech giant also noted that it will support Visa, Discover and American Express in the future.

While only a limited number of users will be able to use the app initially, Google is encouraging early adoption of Google Wallet by Sprint Nexus S users by rolling it out automatically (eliminating the need for downloading it from the Android Market) and throwing in $10 on a Google Prepaid card to those who try it out before the end of the year.




"This week I got an iPhone. This weekend I got four chargers so I can keep it charged everywhere I go and a land line so I can actually make phone calls." -- Facebook CEO Mark Zuckerberg
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