Google Wallet Options

[travis]

Rumours of a new payment service to rival PayPal.

Would you trust Google to handle your online payments ?

http://australianit.news.com.au/articles/0...Enbv%5E,00.html

[bwelford]

That's interesting news, Travis. My present banker doesn't have a slogan saying 'Do No Evil', so why wouldn't I go for this? I guess we'll be seeing the Google Webmastercard shortly thereafter.

[Scratch]

Yes, I would, as much as PayPal.

I think the big risk for Google is how to maintain dominance without becoming the next Microsoft, i.e. maintaining their trusted brand position (trustmark).

I don't think this precludes them from getting into finance, or holding people's personal info, as long as they use this data responsibly, and - more importantly - that we all perceive that they're using it for our benefit.

[travis]

A response from Google about the system.

http://australianit.news.com.au/articles/0...Enbv%5E,00.html

[bragadocchio]

The wallet sounds like an idea that they should pursue, if only to try to diversify what they do some.

I'm not sure how you set up something like a Google wallet, and then don't enter into the same arena as Paypal. And, it does seem like a niche that could use some competition. Is Google the company that should step up?

I saw this patent application from yahoo! last week that describes something that does sound closer to what paypal offers. I would guess that if they went through the trouble of applying for a patent, they are probably considering offering something similar, too.

[Tiendq]

Cool news, at least because PayPal don't accept registration from my country, Vietnam. Sad.