Google details m-payment launch; PayPal takes legal action
Google confirmed its long-anticipated plan to launch a contactless m-payment service, stating that it is “field testing Google Wallet now and plans to release it soon.” The launch comes as it was reported that Google is facing legal action from PayPal, with claims that it misappropriated trade secrets related to mobile payments.
Report: Google working on mobile payments with MasterCard and Citigroup
Google has joined forces with MasterCard and Citigroup on a mobile payment service that would involve embedding NFC technology in Android smartphones, according to the Wall Street Journal. The search giant’s strategy is to make mobile payments simpler “in a bid to boost its advertising business”, says the story.
Be the first to know.
Subscribe to our newsletter today.
You'll gain exclusive access to breaking news, expert analysis, and in-depth features delivered right to your inbox.