In spite of the fact that Google Wallet is such an excellent idea, most carriers are not interested in buying Google’s mobile payment scheme. Apparently, only one US carrier is launching a Google Wallet pre-installed device. Other carriers are looking for other payment method solutions such as Isis. To keep up with the game, Google has decided to work on Wallet 2.0.
Google Wallet 2.0 places more emphasis on cloud-based promotions, offers, and payments as compared with its current version. It will also tie in closely Google Offers for coupons and daily deals. This is made possible with the acquisition of TxVia which is a payment technology company. Google aims to make mobile payment method among NFC featured smartphones a huge reality in the future.
On the other hand, Sprint is concocting its own mobile payment system despite being the sole carrier to pre-install Google Wallet on its gadgets. The company is currently negotiating with banks and reliable service providers to help them in launching the so-called “Touch” wallet. It will be an alternative to both Google Wallet and the Isis system from AT&T, T-Mobile, and Verizon. As opposed to Google Wallet, the “Touch” wallet from Sprint will enable the carrier to have a total control over their partners, development, API distribution, and security measures. Just like Google, Sprint has also hired Sequent Software which is the NFC software and systems provider to assist them in creating the new system.
More details about the Google Wallet 2.0 will probably be revealed on the upcoming Google I/O conference in San Francisco. Be sure to mark the said event on the 27th till 29th of June in your calendar.
