Google, Verizon Wireless Spar in Race to Build Mobile-Payment Services
The war of the "wallets" is escalating, with two of the biggest names in technology skirmishing over who will control how consumers spend money using their smartphones, the Wall St Journal reports.
Google Inc. said it would bow to a demand by Verizon Wireless, the nation's largest cellphone operator, and withhold Google's mobile-payment technology from devices sold by the carrier. While a seemingly small choice, the move shows just how valuable—and disputed—this part of the digital landscape is becoming.
Google claims Verizon is blocking its Google Wallet mobile payments app from being pre-loaded on its newest smartphone or being downloaded by consumers themselves.
Read more: http://online.wsj.com/article/SB10001424052970204770404577081610232043208.html#ixzz1fsE4pKuV
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