Google mobile payment system to start

New York: Google Inc. on Thursday to launch a mobile payment system, will be in the latest bid to help consumers instead of smartphones with traditional credit card payment at Checkout, a person familiar with the matter said.

Google MasterCard Inc., the world's second largest credit and debit card processing network, to work with will launch the system, the source said.

The world's largest Internet search engine is working with MasterCard and Citigroup Inc. to develop a mobile payment system, Wall Street Journal
reported in March.

Citigroup did not immediately respond to requests for comment and declined to comment MasterCard.

Abroad, especially in Asia, Shoppers, wave cell phones already on the counter Czech out groceries to gasoline to pay for everything can.

Mobile phone operators, banks, technology companies and network card processing Visa and MasterCard Inc. still small but high-potential U.S. foothold in the mobile payments market are vying.

Google has a "companion" event in New York on Thursday to attend to show what it is called called it "the latest innovations. "

This is a mobile payment system that Google's Android operating system running on Sprint Nextel Corp. to unveil the plan on the phone will be available, Bloomberg said.