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18/11/2011 -
In a move that may indicate a wider industry trend, Google is merging its dual Wallet and Checkout payment platforms. The decision reflects the search giant's attempt to merge the mobile and online payment spaces - a trend that may be taken up elsewhere in the industry.The Wallet app allows Android users with a specific set of functions - a Samsung Nexus S with Sprint service and a Discover credit card account - to pay for items from their phone directly. This week's announcement will transfer the same service and account features to regular online payment networks hosted through the Checkout program.
"Google Checkout was launched in 2006 as an alternative to eBay's PayPal service, but it never quite took off the way Google originally intended," reports Clint Boulton for eWeek. "Checkout users store their credit or debit card and shipping information in their Google Account so they can purchase items at participating stores by clicking a button online."
Google's move toward the mobile payment space marks small but significant steps for the industry as a whole. According to a recent report from Juniper Research, mobile payment transactions are expected to triple by 2015.
