Follow Us

We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message

Google Wallet to arrive in London in time for Olympics?

Rumours suggest Google could start piloting Wallet in the first quarter of 2012

Article comments

Google could launch its much-trumpeted Google Wallet mobile payments service in Britain ahead of the London 2012 Olympics, according to reports in the French press.

French newspaper Les Echoes reports that Google has been negotiating with British retailers, distributors and banks, to run pilot projects during the first quarter of 2012. This would allow the service to be fully operational in time for the Olympic Games in the summer.

Google Wallet uses near-field communications (NFC) technology, which allows consumers to carry out transactions using their mobile phones. NFC is a set of short-range wireless technologies that can beam and receive information at a distance of up to 4 inches, and is currently used in London Transport’s Oyster cards. Users tap their phones to a point-of-sale system to pay for goods.

Earlier this year, Google teamed up with US mobile operator Sprint and payment providers Citi, MasterCard and First Data, to carry out trials of Google Wallet in New York and San Francisco. The service launched in conjunction with Google Offers, the company’s local deals service, designed to compete with Groupon.

In the trial, user were able to sync their Google Wallet with their Offers in order to redeem coupons via NFC at participating SingleTap merchants, such as American Eagle, Macy’s and Subway, or by showing the bar code as users check out. the service is now available to all NFC-ready Nexus S 4G phone users in the US.

Launching Google Wallet in the UK ahead of the Games would potentially allow foreign visitors to pay for snacks and merchandise using their phones, helping retailers to overcome any currency issues and providing a backup when credit cards fail.

However, the Google could face competition. Earlier this year Samsung and Visa announced they were teaming up to produce a special mobile handset ahead of the games, equipped with NFC. The handsets will be distributed among Visa and Samsung sponsored athletes, and will also be available for consumers to purchase through mobile network operators and other distributors.

Meanwhile, Everything Everywhere announced in January that it would start offering mobile payments using NFC technology built into the phone’s SIM card; and O2 has also applied to the Financial Services Authority for a licence to hold money on behalf of its customers in a virtual “wallet”

Although NFC has been around for a while, there has recently been a resurgence of interest in the technology from within the mobile industry. A report by Juniper Research eralier this year predicted that global NFC mobile contactless payment transactions would reach nearly $50 billion (£31bn) worldwide by 2014, and that 2011 and 2012 would be “banner years” for NFC service rollouts.

A report last month by PayPal and Forrester also estimated that £2.5 billion will be spent using mobile phones in 2016.



Share:

More from Techworld

More relevant IT news

Comments



Send to a friend

Email this article to a friend or colleague:

PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.

Techworld White Papers

Choose – and Choose Wisely – the Right MSP for Your SMB

End users need a technology partner that provides transparency, enables productivity, delivers...

Download Whitepaper

10 Effective Habits of Indispensable IT Departments

It’s no secret that responsibilities are growing while budgets continue to shrink. Download this...

Download Whitepaper

Gartner Magic Quadrant for Enterprise Information Archiving

Enterprise information archiving is contributing to organisational needs for e-discovery and...

Download Whitepaper

Advancing the state of virtualised backups

Dell Software’s vRanger is a veteran of the virtualisation specific backup market. It was the...

Download Whitepaper

Techworld UK - Technology - Business

Innovation, productivity, agility and profit

Watch this on demand webinar which explores IT innovation, managed print services and business agility.

Techworld Mobile Site

Access Techworld's content on the move

Get the latest news, product reviews and downloads on your mobile device with Techworld's mobile site.

Find out more...

From Wow to How : Making mobile and cloud work for you

On demand Biztech Briefing - Learn how to effectively deliver mobile work styles and cloud services together.

Watch now...

Site Map

* *