Google is considering plans to launch a mobile payment service this year using near-field communication (NFC) technology, Bloomberg has reported.

The NFC-enabled Nexus S phone, developed with mobile phone manufacturer Samsung Electronics, will serve as a test for a Google payment and advertising service, a person knowledgeable about Google told Bloomberg.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Speaking about NFC technology at a conference in November, Google’s chief executive Eric Schmidt predicted a consumer will be able to walk into a store and use their mobile to carry out e-commerce.

“You’d bump for everything and eventually replace credit cards,” he said.

The ‘bump’ technology allows users to ‘bump’ their mobile phones together to send money.

Bloomberg cites its source for the story as two people familiar with the plans. They have requested anonymity as the plans are yet to be made public.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Laura Chambers, online payment provider PayPal’s senior director of PayPal Mobile,  has claimed it is open to partnering with Google on NFC payments. Chambers told Bloomberg, PayPal may also look to embark on plans to launch a commercial NFC service in the second half of 2011.