Google is expanding its Wallet mobile commerce platform to archrival Apple's iOS days after eliminating a requirement that compatible devices must contain a Near Field Communications chip with a secure element. iOS does not support NFC-based technologies.
I'd like to confess that I've been thinking about the future of Near Field Communications-enabled mobile commerce and I've come to the realization that I have no idea where it's heading. A series of recent developments have hopelessly muddied the waters, at least in the short term.
Google is extending its Wallet mobile commerce platform to all smartphones running Android 2.3 and higher, eliminating a requirement that compatible devices must contain a Near Field Communications chip with a secure element.
Google is retooling its Wallet mobile commerce platform, halting support for gift and loyalty cards.
North American consumers are on pace to spend $44 billion on in-store mobile wallet transactions in 2017, up from just $500 million in 2012, according to a new forecast issued by research firm Berg Insight.
Near-field communications technology has failed to gain traction for mobile payments, Gartner noted, forecasting that NFC will account for only 5 percent of the mobile payment transaction value in 2017.
It's been roughly nine months since more than a dozen leading U.S. retailers including Walmart, Target, Best Buy, Sears and 7-Eleven first banded together to create Merchant Customer Exchange, a nationwide mobile commerce network designed to support smartphone-enabled purchases, consumer offers and mobile marketing promotions. The MCX initiative remains a work in progress, but here's what we know.
Sprint Nextel prepaid brand Boost Mobile launched an Android-based mobile wallet service powered by Wipit that will let consumers load cash to their wallet, pay their bills, top-up their account, transfer funds and send money to other countries. In addition, customers will get a reloadable Visa prepaid card that is linked to their mobile wallet account.
Google is sunsetting its Checkout digital payment processing service in favor of its Google Wallet mobile commerce platform.
Google continues ramping up its Google Wallet m-commerce network, introducing APIs for simplifying purchases within native Android applications and rolling out loyalty programs, additionally integrating payment capabilities into its Gmail platform.