We recently reported the fact that PayPal will be looking in to providing mobile payment services in the future. However Google seems to have beaten them to the punch by many a miles as their Google Wallet service is ready for launch.
While a launch date has not been released, word on the grape vine is that you can expect the service in the next few days. There is even an ad out for Google Wallet featuring George Costanza from Sienfeld demonstrating the advantages of the service.
Visiting Google Wallet's website reveals that the service will be "Coming Soon". If you, like us want to be among the first to try out the new mode of payment, you can sign up for notifications at the site.