Google Wallet considering offering carriers cut of revenue – rumour

Revenue sharing

In an attempt to boost its share of the multi-billion dollar mobile ad market, Google Wallet is allegedly considering offering mobile network carriers a cut of its revenue, reports Bloomberg. The announcement follows a string of calamities for the search giant including the unearthing of major security vulnerabilities, being blocked by the Verizon network, being accused of pressuring developers to use its service and the recent departure of two leading engineers to set up Tappmo.

With the support of Sprint, which is due to release twelve new phones compatible with Google Wallet this year, the revenue sharing model is being considered with AT&T and Verizon Wireless. These three carriers are however collaborating together to develop their own mobile wallet under the brand name ISIS which is due to be rolled out in the next few months. 

Related reading

Leave a comment