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Google Wallet sees surge thanks to Apple Pay

Google Wallet sees surge thanks to Apple Pay

Google Wallet has seen its user base double and weekly transactions jump by 50% in the past two months, as interest in mobile payments surge thanks to the launch of Apple Pay.

A source revealed the numbers to Ars Technica anonymously. It seems that Apple’s solution has sparked Google’s product back into life, after it struggled to gain traction due to concerns over security.

Apple Pay launched in the US on October 29th and has met with a largely positive response. However, two pharmacies, CVS and Rite Aid, quickly banned the use of Apple Pay and other NFC payments, causing outrage among users.

The companies are part of a group called Merchant Customer Exchange (MCX), which is developing its own system called CurrentC.

The jump in Google users may see retailers reconsider any bans. MCX has already backtracked on plans to make CurrentC exclusive to its retailers, saying such restrictions will be over ‘months not years’.

These new figures will doubtless lead to some thinking mobile payments are finally going mainstream, meaning a ban in certain stores would almost certainly be counter-productive.

Source:

Ars Technica

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