Online transactions and payments have come out of the stage of experimentation and have now been accepted by common people as a trustworthy and useful piece of development. Multiple payment portals are now familiar to us, such as PayU and PayPal. Google has entered the foray of online payment portals with Google Wallet.
While most existing portals allow you to store only debit or credit card information to enable easy payments, Google Wallet takes the process of online payments one step further. Apart from traditional cards, you can also store loyalty and gift cards. This is a purely mobile based payment system and is projected as an application.
Google wallet is now supported on a variety of devices such as the Apple iPhone which runs on iOS and also most new generation Android based devices that run any version of Android above 4.0. HTC, LG, Motorola and Samsung are some of the companies that allow Google Wallet to run as an application.