Samsung Pay is just one of a number of services available to consumers and businesses looking to make the most of growth in the mobile payments sector, whether for the sake of greater convenience or enhanced bottom-line profit. Apple Pay and Google Wallet may steal most of the headlines when it comes to the mobile […]
Read MoreAs the latest technology permeates the business world to an ever greater extent, consumers are increasingly turning to mobile payment platforms for the ease and convenience they offer in settling up without fumbling around for coins, notes and cards. And businesses that adopt these new technologies are the ones that are cleaning up with increased […]
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Keys, wallet and phone, the three things most of us check for when we leave the house. It’s second-nature to most of us by now. If current trends are any predictor of the near-future though, we will probably just be checking for our keys and phone; the phone having replaced the wallet. Imagine being able […]
Read MoreGoogle may soon find itself going head to head with services like PayPal as it debuts a new service called Google Wallet, which enables users to transform their smartphones into virtual credit cards. Simply swipe over a participating outlet’s cashier to pay for your bills and earn loyalty points and coupons at the same time. Smartphone technology has grown by leaps and bounds these past few years, and having a smartphone these days is almost synonymous to being online all the time. Software giant Google has decided to tap into this phenomenon with a new service called “Google Wallet”, which enables users to make purchases and payments from their smartphones. Partnering with Mastercard, Macy’s, Subway, American Eagle, Citibank, and Sprint, Google assures users that their e-wallet service is safe. The service requires that smartphones have a special chip that allows the user to simply “tap” or “swipe” the phone at participating stores to pay for merchandise or services. When you swipe your smartphone’s e-wallet, you also earn coupons and points for rewards. The technology is also designed so that the user can turn the chip off when Google Wallet is not being used, making it safe from hackers. If the smartphone is lost, the data can also be wiped remotely. A similar system to Google Wallet has been operational in some countries including Japan for some time now, but its use is limited to only certain areas and stores there. While the concept of Google Wallet has great potential, there are still several limitations to the system as Google continues to look for more partners for the enterprise before its official launch, which is slated for within a month or two.
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