Could GPay Be Google’s Killer Phone App?

From TechCrunch -

A new patent was published August 30 that would suggest that Google is developing a mobile phone payment system.

The Text Message Payment patent details a system where by Google offers a mobile focused payments under the title of GPay.

Examples of payment scenarios given in the patent include paying for goods from a vending machine, as well as purchasing items directly from offline retailers.

While it’s certainly possible that the GPay Mobile payments system could well be platform independent, GPay could also end up as an exclusive offering of the rumored GPhone, Google's mobile phone. This will give Google the jump over other mobile operators by enabling mobile payments natively from the handset.

Google competitor PayPal currently offers their own mobile payments system, but it hasn’t set the world on fire; Google on the other hand would have the advantage of embedding GPay in the GPhone.