Google Mobile Payment Service to debut on May 26

It appears, as reported by various on-line news blogs, that Google (the search engine giant) will be rolling out Mobile Payment Service on May 26 using NFC(Near Field Communication).

This is a big news for the users of Sprint Nexus S 4G users as they’ll be saying bye bye to Credit Cards once they have this service on. The NFC service shall allow users to both pay and use mobile coupons with a swipe of their phones. According to Bloomberg, Google may officially announce this in a press event set for May 26th. The initial launch is rumored to include five cities – New York, San Francisco, Los Angeles, Chicago, and Washington D.C.

It seems that Google and Sprint’s combine offering will see some competition from ISIS, a joint effort between AT&T, Verizon, and T-Mobile. Apparently, the service will initially be only for the Google Nexus S 4G consumers. If you are one such user, would you use Google + Sprint service or would you use plain old Credit Card? Do let us know in comments section.