Google prepares new Wallet, may support iPhone


Google (s goog)is working on a new version of Google Wallet for mobile phones and it may include support for the iPhone(s aapl). As first noted by BusinessInsider, the Google Wallet home page has been updated to allow users to request an invite to a new Google Wallet that is now in the works.

What’s interesting is that when you sign up for an invite, the site asks what kind of device you use: Android, iPhone or other. It’s unclear what that means for Google Wallet, which up until now has been based on near-field communication for mobile payments. NFC payments require a chip inside devices to complete tap-and-go transactions.

Google Wallet

It could mean that Google may be pursuing a more cloud-based approach to payments that doesn’t require NFC for transactions. Or Google Wallet could integrate with Apple’s Passbook or evolve to support QR codes or 2D barcodes, which is…

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