Google is on the way to plan to gain the favor of mobile network operators for promoting Google Wallet. In order to pursue this goal, Google has decided to give a cut of Google Wallet revenue share.
Google Wallet is a virtual wallet that offers mobile payment system. It can store credit cards, loyalty cards, and other service provider cards. Based on NFC (Near Field Communication), it can transfer money just by tapping on the junction enabled with PayPass. The software works as a credit card that you commonly use while shopping. Thus, while checking out at a store, all you have to do is to sign into your Google Wallet account and make the payment.
The step to offer revenue shares of Google Wallet is an outcome of its disappointing acceptance by the mobile companies. Google is trying hard to promote this NFC-based payment system, but the challenge still lies ahead as currently not many Android-enabled smartphones are featured with NFC.