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It’s really a big benefit for OS like Google’s Android which is set as “a fully open OS“, meaning that developing for it is a free-for-all. So, anyone who interested in creating any software or application, can start their initiatives immediately without any hesitation about royalty, profit-sharing, and so on. It’s really good for business, isn’t it?

Visa Inc. said Thursday it’s developing mobile payment software for the new wireless phone powered by Google Inc.’s Android system.

San Francisco-based Visa said Android users will be able to receive near real-time alerts about purchases via their mobile devices, Visa said. Users also will be able to use location-based mapping technology to find ATM machines and nearby stores where they can redeem special Visa offers.

The software will be broadly available to U.S. consumers by the end of the year, starting with holders of Chase Visa cards. Visa’s announcement came two days after T-Mobile USA showed off the G1, the first phone harnessing Google’s ambition to make the Internet easy to use on the go. The T-Mobile device is schedule to hit U.S. stores Oct. 22.

[via ModBee]

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