Google made quite a stir when it opened up its Wallet to all major credit cards: Visa, MasterCard, American Express, and Discover. But since that day, things have quieted down. The app got one or two stability updates, but no new features have been added. However, that’s all going to change – and apparently, very soon.
According to some enterprising individuals who have torn into the Wallet .apk file, there’s already quite a bit of new code in there for a new person-to-person payment service. This service will reportedly work like PayPal, in which your Google Wallet can be connected to an external bank account, and possibly even hold a cash balance. Sending money will only require an email address or phone number, although there’s no mention yet of NFC person-to-person payments.
There’s a lot in the .apk to suggest that Google employees are already internally testing this service, as well (a.k.a. dogfooding). This means that it’s probably very close to going primetime – and that’s a good thing.
More details can be found at the original tear-down link below, but I’d like to know what other features you want to see from Google Wallet soon. What about a virtual Google-branded credit card? (Maybe credit card rewards could be in the form of extra gigabytes of storage for Google Drive). I think Google also needs to expand compatibility with even more store discount cards. What else do you want to see?