Sep 14 2007 : Google has filed a patent application for a mobile payment system, sparking speculation that the Internet company plans to launch a mobile device.
The patent application covers a system that would allow consumers to pay for services via mobile phone text messaging. According to Finextra, the patent was filed in February 2006, but details have only just been published.
Known as 'GPay', the system would involve sending an SMS text message to Google, which would then pay the retailer and charge the cost to the consumer.
"We file patent applications on a variety of ideas that our employees come up with," a Google spokesperson told The Times. ?Some of those ideas later mature into real products or services, and some do not.?
There have been persistent rumors that Google is planning shortly to launch a cheap Web-enabled mobile phone. The so-called GPhone would come with GPay pre-installed.