Exclusivity
When Google launched its Wallets program in late May it had a very specific set of partners set for the initial rollout. CitiBank was the primary banker,MasterCard was the financial institution, Sprint is the first carrier.There are a plethora of others as well. Yet,those partners are just the first steps.
Google’s first round of partners will lose their exclusive rights as the only members in the Wallet program “within several months,”according to MasterCard group executive for mobile and emerging payments Mung Ki Woo.
He would not more specific than that but the thought is that by early 2012,Google Wallet will be able to spread its wings to other phones,carriers,banks and financial institutions. This will be good for consumers.
ReadWriteWeb
Read more: http://nfcdata.com/blog/#ixzz1Y8L0t1Q4
