Towards an OS/device-based mobile wallet

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27 February 2015


  • Surely the security vulnerabilities which have been actively exploited in Apple pay are slowing growth in mobile payments, at least on the consumer side. As for the Android side, I agree, PayPal is too big of an obstacle for the Google Wallet guys to ignore. Will be interesting to sit back and watch the fireworks on that one.

  • Hi James, thank you for your comment. I agree, interesting times ahead. See you at MWC!

  • Hi Zil

    I think this analysis is bang on. Will be interesting to see how proprietary Samsung Pay proves to be in terms of the payment hardware on the device - particularly the MST, NFC and SE components. Will they look to block software access to NFC, nixing the opportunity for others via HCE? Agree regarding the pragmatism being shown here given variable speed of NFC Terminal rollout across markets - using tokens might allay security concerns of MST which has been likened to user sanctioned card skimming.

    Will also be interesting to note what route Google will take post Softcard acquisition. Clearly getting three major US MMOs to distribute their app on any new Android device out of the box is a great step forward. Note that the current Google Wallet solution uses a virtual card for NFC on the device, so as a staged rather than a pass though wallet Google pays additional processing costs (but also gets to see all purchase data). Softcard SE on SIM would be cheaper in the long run, but the security benefits are negligible vs a tokenised solution and may not be worth the strategic dependency on MNOs in the future and the often painful provisioning process borne by end users.

    See you at MWC!