Displaying items by tag: Mobile Payment
In our newsletter last month, we discussed Google's move into the mobile payment game with its Wallet, which requires no wallet. Google isn't the only one playing the "wallet free" payment game. On the contrary, it now faces competition from start-up company Square, a 6-month old mobile payment firm that just received $100 million investment from a venture-capital giant.
On May26 Google launched its mobile-payment platform "Wallet" which is likely to turn smartphones into mobile wallets. According to Bloomberg, the Wallet system, which is supposed to use near-field communications (NFC), will work on selected Android smartphones that are sold on Sprint Nextel's network. The system will be tested initially in New York, San Francisco, Los Angeles, Chicago, and Washington D.C.