Your Android Phone will Replace your Wallet
Muthu Ramadoss
by Patrick Martin
Visa are developing an application for the Google Android mobile
platform that will enable mobile users to pay for goods and services
using their phone as well as receive information about activity on their
bank accounts.
Visa is not only working with Google Android though. Plans are in place
for Nokia’s new 6212 phone to have payment processing capabilities next
year. The technology will allow mobile devices to be used like credit
cards, effectively placing your wallet into your phone.
By working with Google on the Android platform Visa will be able to use
existing location based technology that Google already have to determine
where a mobile user is located and then direct them to retailers where
they can use Visa and take up any Visa offers they might have.
This is lucrative for Visa because they will be able to target users
with various offers based on previous purchases. Visa is looking to the
long term. With over 3 billion mobile devices being used around the
world at the moment and this number only set to increase, the payment
processing giant is looking to make sure they are not only part of, but
lead this technology shift that is already happening.
This is also good news for Google and Android as it is another selling
point for the platform in such a competitive market. Android needs to
keep up with Nokia, they already have a significant mobile market share
and plenty of mobile infrastructure and expertise to hit the ground
running with any new developments they introduce. Google does not yet
have that yet in the mobile market and market share might be slow to
build. The news that Visa is developing this application can only
enhance Google Android’s standing.
http://www.androidmobilephone.com/your-android-phone-will-replace-your-wallet
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Thanks.
Muthu Ramadoss
http://mobeegal.in - mobile search. redefined. (+91 9840348914)