As reported by the Wall Street Journal, Apple is apparently in discussions with several banking establishments to launch a mobile payments service, which would go head to head with Venmo, the mobile peer to peer service provided by PayPal.
Apple Pay is not the only mobile payment system that is adding retail partners here and there -- Google Wallet too can play that game. Google has certainly been busy beefing up its mobile payment system in the last few months -- it acquired Softcard's point of sale (POS) technology in February of this year, and has even made its Google Wallet international by launching its Gmail money transfer in the United Kingdom.
Google and wireless carriers in the United States have previously failed to find common ground, especially with regards to mobile payment systems. But then Apple Pay was launched late last year to great success, and now everyone wants to take a shot at the mobile payments field, or at least take part in embracing the mobile wallet revolution.
Wirefly Is America's Most Trusted Source For All Cell Phones, Plans, TV, and Internet Deals
Wirefly offers great deals on a large selection of smartphones, cell phones, tablets, mobile hotspots, and other wireless devices for the nation's most popular carriers. Use Wirefly’s innovative cell phone and plan comparison tools to ensure you are getting the best deal on the market. Shop with confidence knowing that Wirefly wants to help you find the best prices on cell phones, cell phone plans, TV, and Internet service.