Google introduced the world to its mobile payment system more than two years ago. Google Wallet was meant to revolutionize the future of mobile payments; however, soon after launch the company faced a number of unexpected obstacles.
Google Wallet transformed NFC-equipped smartphones into digital wallets that could be used to make in-store purchases at various locations across the United States. Three of the four largest mobile carriers in the US, however, opposed Google Wallet. Verizon, AT&T, and T-Mobile instead backed rival mobile payment startup Isis, and ended up blocking Google's app from their devices.
In an effort … Read more