Google releases “Wallet”, rivals likely to follow

Google became the first company to allow people to use their smartphones as credit cards when they released “Wallet”, and it is expected their rivals will follow suit.

Not everything went smoothly for Google though, with EBay filing a lawsuit accusing Google of stealing trade secrets to build the platform.

Apple,, eBay and Facebook are all believed to be working on similar technology, also allowing consumers to use smartphones to pay for goods or services.

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