Google in Talks with Verizon and AT&T to Expand Wallet Service

March 22, 2012, By Sanjeev Ramachandran

While more and more players are stepping in everyday by offering mobile wallet services, Google who has pioneered the service in the US is finding their wallet service plagued with security issues and less popularity. However, the search giant has no intention to leave the fight and run.

Currently, Google Wallet has agreements with major credit card services like MasterCard, Citibank and a bunch of others to allow their users to use Google Wallet services. But, their network partnership is highly restricted to just Sprint. Even then, only two devices on Sprint are presently offering that service.

Now, emerging information suggests that the search giant is trying to lure more carriers into its wallet. Sources claim that Google is trying to make a partnership with AT&T and Verizon in such a way that the advertising revenue will be shared.

However, the veracity of the claims is not yet confirmed since major networks like AT&T, Verizon and T-Mobile have already joined hands with the upcoming M-Wallet service named Isis.

Even then, Verizon has officially confirmed that they are in talks with Google about expanding the search giants M-Wallet system.

Google is still optimistic with their service. They are entering into partnerships with more retail outfits like the Pinkberry frozen-yogurt chains, Macy’s department stores, Subway food chains and American Eagle Outfitters. Moreover, Sprint is expected to roll out 12 more phones with Google Wallet support in immediate future.

However, if Google manage to get the deal with Big Red and AT&T, they have more chances of expansion with the increased ads. Well, what happens to Google Wallet will be an indicator into the future of mobile wallet services in the US markets.

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