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Google: we'll bring Wallet to iPhone if it gets NFC

updated 04:40 pm EDT, Wed June 22, 2011

Google chair talks Wallet on iPhone and adoption

Google executive chairman Eric Schmidt in a speech at the Cannes Lions ad festival on Wednesday was more definite about the possibilities of Google Wallet on the iPhone. He effectively promised a port of the currently Android-only mobile payment system if the iPhone gained NFC support to use it. "Most vendors" have already said they planned to move to NFC, Schmidt said in a presentation caught by the FT and others.

The only regularly available NFC-aware smartphones in the US are the Nexus S and Nexus S 4G, but a number of companies have signed onboard. All of RIM's upcoming phones, like the BlackBerry Bold 9900, will have it built-in. Nokia's N9 and possibly its Windows Phone devices will have the short-range wireless. LG and Sony Ericsson have pledged their own support using Android. Apple has been rumored signing on but has seen contradictory rumors that it might wait until 2012.

On the prospects of the technology as a whole, Schmidt was anticipating as many as a third of checkouts at restaurants and stores would have NFC support within the next 12 months. The NFC readers and software were either ready or would be by the summer, and only the upgrade process was necessarily holding firms back, he said.

Such growth was large enough that the Google executive could see it being a tipping point for wider adoption and an industry worth a trillion dollars. Credit card agencies and stores had a strong interest in supporting NFC because it dramatically reduced the likelihood of fraud versus plastic, which could often be lost or abused by an employee.



By Electronista Staff
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Comments

  1. Flying Meat

    Dedicated MacNNer

    Joined: Jan 2007

    +2

    Store clerk:

    "What is this thing, this cash you speak of?"

  1. viktorob

    Fresh-Faced Recruit

    Joined: May 2011

    +7

    Companies have to learn..

    Google and other "apple's" copycats have to learn that if apple didn't implement something, is because they have run a lot of studies to see if something is convenient to implement or not. If apple didn't do it, is because it is not convenient, not because they didn't want it.

    There is a company that has a solution for mobile payments using the phone (or iPad) speaker to emit a very special and unique sound to make the payment, this way you don't need a special circuit consuming battery in your phone. That is why apple did not integrated the NFC circuit in their devices.

    Now that the iPhone is free in USA, android will lose a lot more market share, and Apple just got the patent for the Multitouch interface, that means that many copycats will have to star paying apple for ripping apple's IP. And don't forget that Oracle has sued google too for the Java infringement.

    Google knows that so they need to secure a market for their electronic wallet, and they know they can't count on android to do that.

  1. dliup

    Fresh-Faced Recruit

    Joined: Jan 2006

    +8

    translation

    Google will openly sell your buying habits to make more money.

    So how are people going to digitize ID? Still need a wallet.

  1. bazaarsoft

    Fresh-Faced Recruit

    Joined: May 2005

    +6

    Big Assumption by Google

    That's assuming that Apple is going to give Apps direct access to the NFC hardware. I could definitely see Apple exposing it only through their own payment system (at a higher-level where Google Wallet just wouldn't make any sense).

  1. wrenchy

    Forum Regular

    Joined: Nov 2009

    -7

    re: Companies have to learn..


    "if apple didn't implement something, is because they have run a lot of studies to see if something is convenient to implement or not."

    No. It means Apple is late to the party... You know... Johnny come lately.



    Drroid!

    - Sent from my Android Device.

  1. facebook_Justin

    Via Facebook

    Joined: Jun 2011

    +2

    To the idiots that keep feeding the f****** troll

    WTF is wrong with you? STOP RATING DOWN THE TROLL. DONT YOU SEE THATS WHAT HE WANTS? IF HE HAS A STEADY 0 HE'LL STAY THE f*** AWAY. God, I'm gonna start coming on here with proxies and up rating his comments so they stay at a steady 0, that way he'll never know if he was down rated or not.

  1. facebook_Clarence

    Via Facebook

    Joined: Jun 2011

    -2

    Justin

    I just put your comment back to zero.

  1. aristotles

    Grizzled Veteran

    Joined: Jul 2004

    +2

    I would never trust google with money

    Google only cares about advertising dollars and everything they make is in perpetual beta. Even their android OS is effectively in beta all the time.

    Google cannot be trusted with money.

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