I have see Google Wallet in action in a store here in New York and got to speak with people who are expert in implementing this new digital payment and loyalty platform. The logo on the lower right corner of the screen in the photo is the Google Wallet logo which comes up in Walgreens stores, an early adopter of the platform.
While still in its absolute infancy in the US, the people behind and those involved with Google Wallet expect it to grow significantly in use.
Our banking system in Australia will be a barrier to the introduction of Google Wallet I expect, just as they have been a barrier to other innovation and competition.
Mark, have you had any experience with the CBA’s Kaching?
I am always surprised by the advanced banking/money transfer systems of other countries, even those countries considered “backwards” by many.
Australia is behind in this area.
Just the way the Banks like it here……charge a motza for crap service.