Wallet in your phone – Unbelievable but true
Google Wallet is a mobile
application developed by Google to facilitate payments through mobile phone.
This information was broadcast in May through Google top-officials.
Professionals at Google+ or G+ have penetrated deep into the mobile payment
trends and created an infographic to understand the concept of mobile commerce
as defined by experts and analysts including what will happen with near field
Mobile application industry is growing leaps and bounds with its innovative apps. And Google Wallet is another innovative app to add to mobile application feather. It is an effort to make shopping easier and less burdensome to businesses and consumers. It is aimed at providing easy access to customers to buy goods they want and earn points on purchases as loyalty rewards.
PayPal, the payments giant strongly suggests that wallets will be a past by 2015 for Smartphone users. The payment giant is positive about this concept and has already made huge investments to materialize the deal.
Most Smartphone manufacturing companies are supporting their phones for mobile payments. The reason is the same that they want their customers to feel at ease while managing their finances. Then the retailers and services industry is not far behind. They are in the process to have their own mobile applications which will not only attract customers but also make them their loyal customers for the convenience and freedom offered through mobile payments.
Mobile application development is picking-up with each passing day due the features offered through the applications. A mobile is a powerful piece of technology delivering multi-faceted features through mobile application development. Smartphones are available by different manufactures and applications are developed for individual models to support them. These apps can be uploaded on different operating systems through proper programming. A Google Wallet supports only a particular category of Smartphones. Others are supported by PayPal and so on. Then Smartphone should have necessary mobile applications. Mobile apps are necessary to perform desired functions through them.
“Goodbye Wallets” brings in the power to purchase, power to save and power of control over the finances. It is in testing phase these days and will soon join the customer league in the form of mobile payment application. App will enable customers to feed in necessary details and make way to purchase via mobile phone.
Internet has made it more convenient for almost 70% of its users to share and manage financial information online. Similarly mobile applications will make it convenient to make payments through mobile phones, of course with the help of an initiator. Use of mobile applications will harness convenience and control of financial operations. Security of the transaction is also taken care-off by mobile application development companies.