Google is to run tests of mobile payments at stores in New York and San Francisco in the summer, according to anonymous sources cited by Bloomberg.
So whats this lack of industry standards issue that Apple has?
If Google is going to implement Verifone terminals there is apparently at least one standard. Does Apple want its own standard? and are we going to get a different NFC terminal for Apple, Google, MS and Facebook?
Mobile payments is complex because its a 2 sided market, this is typically not where the internet giants are very good at. They will need some (scheme) cooperation to make mobile payments work.
© Finextra Research 2014