Thursday, August 30, 2012

Mobile Wallet Field Getting Very Crowded

More players being added as the year progresses.

Google WalletWe have seen how things were expected to be in full swing in the 4th quarter last year for the Mobile Wallet, but that never ended up happening. Some of that is more than likely due to a decision by Apple to not include the Near Field Communications (NFC) chip in the iPhone 4S. Apple moves markets and without that, things slowed down. And in reality. there is not enough smart phones here in the US equipped with NFC chips. You add to that the competition in the 4th quarter between Google’s Mobile Wallet and that of Isis. We all remember the basic refusal of Verizon to allow for Google Wallet to be installed on the Galaxy Nexus.

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