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Google Wallet.. Are you ready to carry it?

Created by : Leena Pawar, Tech Architect, IT Infotech  | 05 27 2011 05:48:39 +0000
Industry : IT ProductsFunctional Area : Web 2.0 +(Technology)
Keywords : google mobile banking drawbacks of mobile baking harms of mobile banking google wallet
Activity:  502 views;  last activity : 05 30 2011 06:35:57 +0000

What is Google wallet ?

This is a new method of payment will allow consumers to make store purchases and redeem coupons by waving smartphones at checkout counters. The service is expected to tap near-field communications technology and would allow users to pay for retail purchases by holding the devices up to a specialized reader at checkout counters.

So are you ready to use this technology?

  
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There are many threats and we are still not so used to using mobile banking.. Google has a big challenge to meet here.. IT would be wait and watch game al least for me..
By Leena Pawar, Tech Architect, IT Infotech  05 27 2011 05:48:39 +0000
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Leena Ji, for any more information kindly visit this video

 

http://www.youtube.com/watch?v=oYPtBhkn_HU&feature=feedlik
By monika computers, providing IT services, Vohra Industries  | 05 29 2011 06:38:08 +0000
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Leena Ji, first of all thnks for this debate but you are so much late b'coz this procedure is already started in foreign countries with BNP Paribas Bank there is 1 very big problem in our Indian that we always think that we have to wait for launching a new technology why ???????????????????????????? why we always think this if we already spend so much time in thinking of a new technology then why we have to wait for launching wait so go ahead & launch each Well Leena here we can also stop the usage of paper used for making currencies to a greater
By monika computers, providing IT services, Vohra Industries  | 05 29 2011 01:52:20 +0000
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I support this innovation, as the end customer can add lot more efficiency to the mode of payment. These new payment types keep challenging traditional banking industry. Coming to threats, yes there will be few new ones and we have to address them as we go - remember they are not weeknesses.
By AKNR Chandra Sekhar, Manager-Release Management, ANZ Operations and Technology  | 05 28 2011 04:36:15 +0000
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Despite various threats I recommend such a system to run and be used because we need to learn as we grow in the mCommerce domain in such a way that these services are not only limited to the rich and educated but also to th e poor and illiterate. For decreasing or controlling risks the transaction limit could be brought down. We need to learn a lot before we lag far behind.
By Sanchay Karidhal, Business Analyst and Business Development Executive, Anonymous  | 05 27 2011 09:24:47 +0000
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Yes. NFC is much suitably emerging for retail payments. One can think of issues related, but new tech will always have some of them. People need to use it once to know the simplicity, convenience, avoid cash carrying, etc. Net transactions/payment are adapted now, by-n-large, so NFC payments will also be in due course of time.
By Nilesh Jain, Project Manager, A Leading Media/Telecom Co.  | 05 27 2011 06:37:11 +0000
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STILL MOST OF THE PEOPLE DO NOT KNOW M-BANKING AND THEY GO TO ATM CENTREs TO HAVE BANKING TRANSACTIONS,

THEN WHERE DOES GOOGLE WALLET COME IN THE PICTURE?

I ENDORSE YOUR VIEWS.
By Sairam. M, System Administrator  | 08 06 2011 15:28:34 +0000
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I agree with Leena. Technology is OK,it needs to be secure and on par with other on line payment.
By Mohammad Bakhsh, Project Leader/Managing Consultant, Freelancer  | 05 30 2011 03:23:13 +0000
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Technology is growing up , either way security is lacking. When we reach market and security tighen one can reach the google wallert.. until no giveup for this product.
By Sathish Kumar, Project Manager, Rhytha Web Solutions  | 05 28 2011 12:15:01 +0000
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Only the time will tell the usage of such technology. Thanks for referral, Leena.
By SHRIKANT MANOHAR DANKE, Project Manager, Phadnis Infrastructur Ltd  | 05 28 2011 11:47:58 +0000
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Leena very practical approach. I agree with you completely.
By Rathin Deb, Freelance Retail Consultant  | 05 28 2011 11:29:10 +0000
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Not Yet, There is a lot of threats already facing by the industry. Before launching new services, they need to evaluate the current vulnerabilities. A SWOT Analysis will be better.
By Ijas Rahman, Security Penetration Tester, Appin Knowledge Solutions  | 05 27 2011 12:01:45 +0000
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ONCE WE R NOT SURE OF SECURITY RELATED ISSUES IT IS ALWAYS A WAIT AND WATCH GAME.
By sudhakar , BUSINESS CONSULTANT  | 05 27 2011 09:30:33 +0000
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yes, you r right. until the threat factor is clear, wait and study
By Ravichandar S, investment  | 05 27 2011 08:43:58 +0000
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because it is very less useful in india. People does not know how to use mobile banking so how can he accept this. At least in my opinion first of all, google have to aware the public to use it, simplify it then people will have to choose it.
By Praveen Srivastav, Senior Software Engineer, BrickRed Techonologies  | 05 27 2011 07:22:56 +0000
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I would be using Currency notes for a times to come. Don't trust digital mode of payments
By Sarabjeet Singh Johar, BMS student, Mumbai University  | 05 27 2011 06:51:25 +0000
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