Google Wallet officially announced

Google introduces Google Wallet: A revolutionary way to make payments. By using Near Field Communication (NFC) users can make payments, earn offers, add loyalty points and so much more on their Android powered devices.

 At launch this service will only be compatible with the Google Nexus S users for Sprint Network, who own a Citibank credit card, we can be sure that it will find its way to other carriers and devices in the near future.

To read more about Google Wallet head over here