According to the latest report from the Wall Street Journal, Google is currently planning to revamp its Google Wallet service in order to compete with the recently-released NFC-based payments system called Apple Pay. The new Wallet will be officially announced this May, at the annual Google I/O developer conference, reporters claim. While this rumor hasn’t yet been confirmed, such a step is quite possible as the only way to compete with Apple’s payments service is to make Google’s own service better.