/// Is Google or PayPal Leading the Charge in Mobile Payments?
PayPal made a big splash yesterday, saying that it now has commitments from 16 major retailers to roll out PayPal at the register. Additionally, it said it is partnering with four software providers to gain access to 50,000 small- to medium-sized merchants. Meanwhile, tomorrow will be exactly a year since Google launched its mobile wallet . So, you ask, which large technology company is winning the race to gain the hearts and wallets of consumers and retailers? Pretty clearly, it’s neither. Google may have gotten off the blocks first, but ever since, it has been plagued by execution issues and management departures . In contrast, PayPal has a lot of institutional advantages, but it still has a long way to go before it is synonymous with Visa or MasterCard. Here’s just a snapshot of the two companies’ advantages and disadvantages: Google: Pros: It has relationships with 25 national retailers, totaling 140,000 locations. Cons: It bet too early on using near field communication technology. Sprint, the third-largest U.S. wireless carrier, is the only provider so far that is backing it and it’s deployed on only six Android devices. PayPal: Pros: There are 110 million people using PayPal worldwide, who are on track to spend a record $7 billion in mobile payments this year using PayPal on the phone.
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Is Google or PayPal Leading the Charge in Mobile Payments?
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