Google is developing a mobile phone payment system as revealed by "The Text Message Payment patent" filed August 30th that details a mobile payment system called GPay and includes sample payment scenarios such as paying for stuff from a vending machine, as well as purchasing items directly from offline retailers. As we all know, mobile payment systems are not new but Google's patent suggests something far broader, and perhaps even independent of mobile phone carriers and their billing systems. Google competitor PayPal currently offers their own mobile payments system, PayPal Mobile but since the March launch it has not revolutionized the industry or anything like that. Witha GPhone Google would have the advantage of embedding GPay in a mobile. Thanks to Rashid for the heads up.
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