Finally Google has announced the replacement of human wallets and have introduced eWallet for transactions worldwide. Google has teaming up with MasterCard, Citigroup and Sprint to launch a new phone based Mobile Payment System. Which is officially known as Google Wallet, which will enable special chips embedded in many future Android devices to be used for payments? Instead of swiping a credit card, customers will be able to wave their Android phone in front of a reader to make a payment.

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