Google Inc will launch a mobile payment system on Thursday, in the latest bid to help consumers pay at the checkout with smartphones instead of traditional credit cards, a person familiar with the matter said. Google will work with MasterCard Inc, the world’s second-largest credit and debit card processing network, to launch the system, the source said.
The world’s largest Internet search engine has been working with MasterCard and Citigroup Inc to develop a mobile payments system. Citigroup did not immediately respond to requests for comment and MasterCard declined to comment.