The Wall Street Journal reports that Google “has begun making a payment tool available via mobile phones and is adding new credit card partners to the effort, moves that come as technology giants vie for a bigger presence in the payments industry.”
The new tool, called Google Wallet, was announced earlier this year and “enables users of phones with the technology installed to physically tap them at a store and complete payments through credit-card firms.”
The story notes that at the same time, eBay is expanding its PayPal service by introducing mobile functionality, while mobile technology providers such as AT&T, Verizon and T-Mobile also are wading into the mobile payment waters.
The new tool, called Google Wallet, was announced earlier this year and “enables users of phones with the technology installed to physically tap them at a store and complete payments through credit-card firms.”
The story notes that at the same time, eBay is expanding its PayPal service by introducing mobile functionality, while mobile technology providers such as AT&T, Verizon and T-Mobile also are wading into the mobile payment waters.
- KC's View:
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The challenge will be to get stores to install the technology, but that should come as consumers accept it and even demand it.
