The internet was around for about two decades before the arrival of the web supercharged its growth. The ease of using a web browser made broad consumer adoption possible. Mobile payments were around for at least a decade before they started to take off. Again the key factor to adoption was ease of use – this time in the form of wallets that are actually integrated with in-app payments and widely accepted at the point of sale such as Google and Apple Pay (in other parts of the world adoption ...

Google’s announcement of the initial availability of Google Wallet was interesting but not because of any immediate impact. Initially, this will be the equivalent of a large field trial as it will be available only on Nexus S phones and only on Sprint. Much of the coverage has focused on using Wallet to pay merchants in the real world (e.g. in a Cab or at Macy’s), but Google Wallet has far reaching implications for apps and in-app transactions. If Google Wallet offers APIs that can be accesse...