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Google Wallet Sees Surge in Usage Alongside Apple Pay Launch

@ teslo - Google Wallet not accepting Apple Pay? Go read an article on the internet - any article - and by read, I mean, more than a quick dyslexic skim of their titles.

@ kemal - good point. compliance for new terminal tech is supposed to occur in the coming year. I'm sure Apple planned their release for this. By the time we replace all of our terminals, everyone will have been using Apple Pay for 7-8 months and will be expecting it of every merchant.

@KdParker - Spot on with the storage of CC data being an issue with Wallet. Also, Apple Pay - a service that made "droiiiiiidddddd" users find their Google alternative and sign up asap, because that's what droid phones and their users do - snakily reply with "oh yea? ours does that too. we just never wanted to use it until we saw Apple folks doing it"



The only competitors I see lasting in this market are Apple, Google, and Paypal. Over time, I think the market segments will eventually settle with Apple and Google on top for retail usage, and Paypal and Apple on top for online shopping. It all comes down to availability, convenience and ease of use.
 
Good for them. I'm happy to see any type on NFC payment succeed since it means that more retailers will adopt NFC payments.
 
Google Wallet would have done much better if they operated in markets that were already rich with NFC payment options before.

Currently, Google Wallet is only available in USA. The USA is notoriously terrible for advances in Credit Card technologies (Still mainly using swipe).

So yes, it makes sense that with NFC readers becoming more popular now, especially with Apple pay's media attention, that Google Wallet will benefit as well.

What makes less sense for google wallet, is why not target markets that have had NFC technology in place for years, with no software to service them (Like Canada)
 
USA is incredibly at least 5 years behind on NFC and "pay as you go" payment systems. In Australia we can wave or tap our credit or debit cards without touching pos system and it is available everywhere - from your trustee corner shop to all major retail outlets.
Quite frankly, I cant understand Apple pay benefits in Australia?
Btw; All credit and debit cards in Aus require microchip embedded and no signature is allowed anymore.
 
Last edited:
zlb said:
@ teslo - Google Wallet not accepting Apple Pay? Go read an article on the internet - any article - and by read, I mean, more than a quick dyslexic skim of their titles.
Click to expand...

does everything need a sarcasm tag nowadays? i really didn't think Poe's Law was even possible with a comment like the one i made.
 
osofast240sx said:
Unless they come up with a phone and a operating system I don't see the making too much headway
Click to expand...

But more people have a Paypal account with an active card than all Apple Pay and Google Wallet put together.

Most people have the Paypal app.

A lot of people have the Paypal chip card or the Paypal Debit.

Some people can even pay walletless and phoneless and all they need is a working mobile phone number.

Many places like Best Buy that don't accept Apple Pay accept paypal.

All it takes is one well timed maneuver. For every person who embraces Apple pay, there will be another one who embraces whatever Apple's competitor is.

It wouldn't take much to set themselves up like that.
 
To those who think Apple should have released Apple Pay somewhere else first, understand this: businesses in the US are notoriously cheap. In fact, because PIN isn't going to be supported on cards issued here, a lot would have skimped out on their upcoming chip card upgrades and kept the terminal behind the counter, making PIN and NFC use impossible. You can thank Apple for ensuring that your chip and PIN cards are still usable here. ;)

I do wish Google Wallet didn't block foreign transactions though. That's a bit of a downer and why I have a few physical cards with NFC support.
 
It's funny how apparently Google make more money from Apple products than they do from Android and now their Google Wallet is becoming more successful because of another Apple product.
 
cowcaster88 said:
I still don't see NFC/ApplePay taking off until the big retailer participates in it; Walmart...
Click to expand...

The only point I have seen made in defense of CurrentC and those retailers is that it probably is true that many of their shoppers use debit, gift cards, cash, checks, etc.

While I'm sure there are plenty of us that can use NFC, I trust that a giant company like Walmart knows what their most commonly used payments have been in the past. I think their major ignorance is that they focus too much on that, and not on the future.

However, when you think about their volume, when you add up all those small %'s of CC fee savings with something like CurrentC, it's probably the $ signs that are holding them back from implementing Apple Pay.
 
teslo said:
does everything need a sarcasm tag nowadays? i really didn't think Poe's Law was even possible with a comment like the one i made.
Click to expand...

I love how Poe's law has spread so widely and to so many areas, especially since I was a part of its formation :) </ancienthistory>
 
Glad to hear it. The more people using NFC, the more terminals will support it. Plus competition is good.
 
I don't see any NFC payments changing overnight, or even over a few years everywhere...

In much the same way Credit cards are now., they will always be "the norm" by at least a few years...

And even when newer NFC systems come in. users will always use whats best..

Coupled with the fact NFC and technology doesn't always go as smoothly, that would always edge users to "not go there"
 
I have never used Google Wallet in the two years I've owned an Android phone. I doubt that I would use Apple pay if and when I get a phone equipped with NFC.

I pretty much just pay with cash for everything.
 
Nabooly said:
This is good news for everyone.

I've been using Google Wallet for some time now. It kinda sucks that upon the release of Apple Pay some of the merchants disabled the NFC sale.
Click to expand...

Obviously CurrentC wasn't worried about Google Wallet, but when the feature is touted so high and visible like Apple did, it could cut them off at the knees.

I didn't know anything about Google wallet till recently. I am guessing because with 7 different versions of the system out, not to mention the hybrid unit, they never promoted it. Apple spent a lot of time in the presentation on it, which brought it to the forefront.
 
teslo said:
does everything need a sarcasm tag nowadays? i really didn't think Poe's Law was even possible with a comment like the one i made.
Click to expand...
Never underestimate people's ability to misinterpret posts on the internet.
 
atlatnesiti said:
USA is incredibly at least 5 years behind on NFC and "pay as you go" payment systems. In Australia we can wave or tap our credit or debit cards without touching pos system and it is available everywhere - from your trustee corner shop to all major retail outlets.
Quite frankly, I cant understand Apple pay benefits in Australia?
Btw; All credit and debit cards in Aus require microchip embedded and no signature is allowed anymore.
Click to expand...

Apple Pay benefits in Australia? Simple. Leave your debit/credit cards in a safe at home. One less thing to worry about carrying with you and having them stolen.
 
Nabooly said:
This is good news for everyone.

I've been using Google Wallet for some time now. It kinda sucks that upon the release of Apple Pay some of the merchants disabled the NFC sale.
Click to expand...

Merchants had turned NFC off before Apple Pay was even a rumor in part because it wasn't used much and in part because of MCX (again, this is before Apple Pay).

Source
 
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