Google links free prepaid debit cards to its Wallet accounts

Comments "Another move of google in the payments. May be also a way to comptete with Paypal at merchand location. The article does not say if the card will be NFC compatible..."


Extract "Google Inc will offer a prepaid debit card that will allow consumers to purchase goods at stores and to withdraw cash from ATM machines, the internet company said this week. The card, which is only available in the US, lets consumers access the funds stored in their Google Wallet accounts. The new Wallet card will be accepted at “millions of locations” that accept MasterCard and at ATM machines, Google said in a post on its official blog on Wednesday. Google said the card is free and that the company will not charge cardholders any monthly or annual fees."

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