Bloomberg Reports Slow Google Wallet Adoption
The US financial news organisation Bloomberg was reporting yesterday that Google is considering improvements to Google Wallet – the company’s mobile payment platform. Google Wallet allows smartphone users to pay for goods and services using credit card and other payments platforms, pre-assigned to their Google Wallet accounts.
In an interesting twist, Google is apparently (according to Bloomberg) considering giving network operators a share of the payment action to encourage adoption. To date, adoption has been sluggish.
Many mobile market watchers believe that it may take a little time for mobile wallets and payments to take off – requiring widespread adoption of NFC (near field communication) enabled phones.