Google faces lawsuit against wallet-free services

PayPal and eBay have filed a lawsuit in a California state court, against its newly announced Google Wallet. The allegations are that the Google tapped into trade secrets for its latest wallet app.

According to PayPal, it has spent 3 years trying to work out a deal in which it would handle the payments for Android smartphones, while now Google has hired its lead negotiator Osama Bedier and intruded the talks between them.

Bedier used to work earlier with eBay-owned online financial services unit, as a vice president of platform, mobile, and new ventures prior to get hired by Google in last January.

Google has recently launched its Near-Field Communications technology (NFC) that supports android handsets. The service is based on ‘tap and pay’ method of purchasing, which allows the users to swap their smartphones against a small reader at a checkout stand.

The advanced technology will also provide a number of attractive NFC-based coupons and discounts to the users, to make their shopping more easier and convenient.

In India we have usually relied on cash based transactions, and then the phase of plastic money started just a few years back and now finally there are mobile apps such as Google Wallet has arrived that would be taking us to the wallet free future.