Photo: Daniel Goodman / Business Insider
Google just announced it’s launching a new version of its mobile payments app Google Wallet. The update now allows you to load any major U.S. credit or debit card to your phone.Until now, Google Wallet would only let you use a Citi MasterCard or a pre-paid Google credit card.
The new Google Wallet is cloud-based, meaning you store all your cards online and access them on your phone or your web browser. You also have the option to disable Google Wallet on your phone in case it gets lost or stolen.
Google is able to do this because Wallet no longer stores credit card information on your phone. It’s all stored online, just like Amazon and other shopping sites store your credit card data.