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’s new mobile payments service could be made available as early as next year, and the iPhone maker envisions the service as one that would tie bank accounts with Apple’s mobile devices. For mobile users, this could mean that they could easily send cash from one person’s checking account to to another.
Rite Aid has reinstated its support both the Apple Pay and the Google Wallet mobile payment systems. The pharmacy chain further revealed that all of its estimated 4,600 locations within the United States will begin accepting Apple Pay and Google Wallet effective on August 15th of this year. Moreover, Rite Aid will also be supporting the soon to be released Android Pay, as well as support tap and pay credit and debit cards.
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. In a recent blog post, Google has announced that it is working with major carriers AT&T, T-Mobile, and Verizon Wireless, as well as their mobile payment firm, Softcard, in having Google Wallet pre-installed on Android smartphones being offered by these carriers beginning in autumn of this year.
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