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Google to Consider Sharing Google Wallet Revenue with Carriers to Speed Up Adoption?

According to a report out of Bloomberg, Google is considering sharing revenue from Google Wallet with Verizon and AT&T to get them to adopt the mobile payment service. As you all know, AT&T and Big Red have essentially blocked Wallet from their NFC-equipped phones, as they ready a similar mobile payment solution named Isis. Sources who spoke with Bloomberg claim that the adoption rate has been slow enough that Google is re-evaluating the service. With carriers reportedly finding no incentive to allow Wallet on their network, especially with Isis on the way, this could be one of Google’s only moves. So far, Sprint is the single major carrier in the U.S. to allow Google Wallet to be used. A Verizon spokesperson said that they are “continuing our commercial discussions with Google on this issue.”

On a related note, an “independent” consultant mentioned that reception to Wallet has been “lukewarm” so far. All I can say to that is, “Of course it has been. It’s only available on one phone and one carrier, silly.” It’s pretty tough for a product to take off when it has been shutdown by America’s two biggest carriers and can only be accessed by a select few customers. Before other consultants spout off such insightful comments, why don’t we give it a real chance. That real chance of course, is with Verizon and AT&T on board.

Via:  Bloomberg

Cheers bigknowz!

  • Ike i.

    Okay, just two quick questions. I downloaded the apk file on my nexus and got the app, but does it work, should i try the browser method? And how do you get the update google issued for it?

  • anyone have the link that forces google wallet to download to your nexus ?

  • jonny6pak

    Last time I tried Wallet, I couldn’t add all of my credit cards.  It’s not really worthwhile for me if my Discover card won’t in Wallet.  I’m not sure if that changed.

  • I used Google Wallet yesterday and the gas station attendent was in awe.  

  • mike

    Why does anyone want a bulky battery powered credit card?

  • the fact that major carriers are not allowing wallet but only isis isn’t it a violation of a law where you must have competition? seems to me if google took the carriers to court on this , google would have a good chance of overturning an obvious monopoly

  • Smooth918

    I still get a kick out of the cashiers at Micky D everytime. I use it, like today.

    • Towelie420

      Anyone else feel like death after eating McDonald’s? Or is that just me?

      • Smooth918

        If was good yesterday, and no complications today 🙂

        Sent From My Galaxy Nexus

      • jonny6pak

        It’s not you.  I feel like hell if I eat the stuff.

  • skatenaked911

    any word on when the update to fix ‘secure element’ is coming out?

    • ddevito

      Looks like there isn’t going to be a fix for it. I left a message with Money Network yesterday for more answers and they called me back today. They originally told me the latest update (that was released this week) was going to change the way our phones connected to their network so anyone with the secure_element issue would be fixed. 

      But after talking to them again it looks like this won’t be the case. So this time they noted my MEID and IMEI of my phone and someone on their tech staff is going to call me tomorrow for further troubleshooting. I requested a master reset of my account. We’ll see what happens.

      Otherwise something ‘unfortunate’ will happen to my phone and it will need to be replaced. :p

      • skatenaked911

        please post back here if they do a master reset, i would love to go about this. thanks for the information on this, its kind of upsetting =/

        • RadicalPie

          Agreed it makes me not wanna throw custom roms on this bad boy. This shouldn’t have happened and should have been fixed by now

      • RadicalPie

        I’m thinking of unfortunate things as well

  • MKader17

    The biggest problem for me is finding places to use it. Not many companies in my area offer it as a payment option. 

    • ddevito

      not even paypass? PayPass is everywhere and you can use it anywhere paypass is accepted. 

      • MKader17

        Most places around where I live that accept it are fast food places that I don’t normally eat at. It’s really unfortunate because I want to look cool paying for stuff with my phone.

    • p2lf
  • pezjono

    What revenue does Google make off of Wallet? You don’t pay them any extra to put money on a prepaid card (unless someone adds funds and then doesn’t use them…).

    • MKader17

      The companies probably pay Googe to be a supported card for their system.

      • 4n1m4L

        probably the same % that visa thrives off

  • zapote21

    “continuing our commercial discussions with Google on this issue.”  =  “we are trying to squeeze every dime we can out of Google”

    • 4n1m4L

      If it works i am all for it

  • I am beginning to wonder if it is actually Verizon, etc. blocking Google Wallet from their customers’ phones or if this is actually some exclusivity agreement between Sprint and Google. Last I heard/read, Verizon denied they did anything to block the app on their end, though they did cite concerns over how integrated the app was with the device or some nonsense like that, and that the blocking was all on Google’s end. Every time I see an ad for the new Sprint Galaxy Nexus, they are showing off that it has Google Wallet. Fueling this theory further, I have devices that don’t even HAVE a carrier (like a wi-fi Xoom) that also say that Google Wallet isn’t available for that device’s carrier. In other words, perhaps they have it set to only allow installations if the carrier = Sprint. Sprint/Google conspiracy anyone?

  • Skyskioc

    So when my galaxy nexus says unsupported device for Google wallet does that mean it is not going to work

    • no it still works

      • Skyskioc

        Great. Thanks

    • Boblank84

      no, it should still work, it says that because you are rooted.

      • Skyskioc

        Sweet thank you for the heads up I appreciate the info

  • EC8CH

    “continuing our commercial discussions”

    What’s there to discuss?  Carriers should be prevented from blocking services such as Google Wallet based on the lease agreements with the FCC.

    This is utter BS.

    • This is why net neutrality makes since

      • EC8CH

        It’s like the electric company trying to charge different rates for using a blender or a toaster.

        • Couldn’t have said it better

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  • tjmonkey15

    I know everyone and their mother hates iPhones (at least the majority of people visiting this site), but if they put NFC on the iPhone 5, I think the technology’s popularity/prevalence will take off. Then the carriers will be more interested in NFC payment systems.

    • Liderc

      Sadly this is right and I believe Kellex has written about this before. 

      • tjmonkey15

        Yeah, I think you’re right.  That’s probably the reason I even thought of it. 

        Now if Google could somehow convince Apple to include Wallet on all their iPhones, then we’d be in business.  Except that might still be up to the carriers rather than Apple. 

    • Cant deny that truth, if Apple does it, adoption skyrockets

    • EC8CH

      except they’ll make it a closed system and demand 30%

    • iWallet will be the newest thing on the technology front from Apple…

      This is sarcasm.

    • ddevito

      I agree with you – but it’s the carriers at fault here, not Google or the OEMs