Google expands mobile payment system

Google may have just recently launched its mobile payment system, which allows consumers to use certainly types of smartphones to make purchases using their credit card information, and now is already making improvements to return more value to the user.

In the near future, consumers using Google Wallet’s SingleTap system will not only be able to make purchases using their smartphone, but also store and redeem coupons, as well as rack up rewards points, according to a report from CIO Today. The tech giant has already begun working with major retailers including Office Max, Macy’s, Footlocker, Toys R Us and more to create SingleTap benefits.

Google is also working to expand tap-to-pay programs for other companies such as CVS, Jack in the Box, Radio Shack and Sunoco, among others, the report said. This payment method will be accepted anywhere the Google Wallet or MasterCard PayPass logo is displayed at the register.

The mobile payment system is currently only available on one smartphone – the Sprint Nexus S 4G – but a vast array of devices with the necessary near-field communications technology is expected to be released in the near future.