Friday, 26 June 2015

Apple, Google bet on walletless future, but are shoppers ready?

From The Seattle Times –

#Some pay for deli sandwiches with a flick of their Internet-enabled wristwatches. Osama Bedier waves his phone.

The customers who shop at Mollie Stone’s Market, at the heart of this Silicon Valley city’s startup row, are increasingly buying groceries without cash or credit cards.

“I haven’t carried around cards for a very long time,” Bedier said.

These shoppers are still early-adopting outliers — especially Bedier, the executive who ran Google Wallet before starting his own company to build mobile payment terminals — but Apple, Google and Samsung are counting on them as bellwethers in a new fight to become your inseparable virtual wallet. And despite early resistance from retailers and even consumers, momentum is now building toward making these tap-and-pay systems a widespread consumer habit.”

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