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Google (GOOG +1.1%) has spent $300M acquiring startups to bolster Wallet and has less than 10M...

Google (GOOG +1.1%) has spent $300M acquiring startups to bolster Wallet and has less than 10M downloads to show for it, BloombergBusinessweek observes. Chalk up the mobile payments platform's struggles to carrier intransigence (though Sprint supports Wallet, rivals back Isis, which isn't faring that well either) and Wallet's reliance on NFC tech, which isn't supported by Apple and is deemed less convenient by many than standard card swipes. Google recently gave Wallet several new features, including a Gmail money-attachment option, but Larry Page reportedly shelved plans for a Wallet credit card. On top of Isis, competition is provided by Square, PayPal, and Groupon.
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Comments (3)
  • hahaha48
    , contributor
    Comments (1105) | Send Message
     
    It will take a long time before people trust any electronic payment. I would not even use my credit card unless I know the business. It is so easy to steal from your electronic card that you should really think hard before you try. An account with a few hundred dollar limit may be ok
    8 Jun 2013, 07:49 AM Reply Like
  • Vaun
    , contributor
    Comments (322) | Send Message
     
    It'll happen, but over the course of a generation. Just like we get annoyed with the little old lady using a check, or god forbid counting her pennies - the next generation will question why we carry a wallet around.
    8 Jun 2013, 09:46 AM Reply Like
  • Moon Kil Woong
    , contributor
    Comments (11166) | Send Message
     
    LOL its best if you use credit cards as little as possible. If you look at how much data is shared when you make a purchase you'd blanche. And if you look at how much and how easily it is to commit credit card fraud you'd guard your wallet with a lock and key.

     

    Digital wallets will make it that much easier. Lose your phone, lol card fraud from digital wallets. Brush up against someone when your wallet is on... thanks for your permission to sack your card. Accept a strange program, thanks hacker not only do you get my phone list and keystrokes to look at, you also get my credit card info.

     

    No No No No. I like NFC but it should be used for discount cards and the like not credit card info or payments. And BTW don't ever use a public computer to pay your credit card or do bank transactions.
    8 Jun 2013, 01:24 PM Reply Like
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