| Google Wallet to Accelerate Online Commerce? |
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The announcement by Wall Street Journal that Google is getting ready to jump into online payment service is a big news, and a good news for consumers.
"Exact details of the search company’s planned service are not known. But the knowledgeable people say it could have similarities with PayPal, which allows consumers to pay for purchases on Web sites by funding electronic-payment accounts from their credit cards or checking accounts. Some consumers like PayPal for the security it offers, since it allows them to share their banking or credit-card numbers only with PayPal without having to divulge the information to merchants." read the article published in WSJ.
PayPal has been doing quite well despite hiccups and regular problems with online crooks. We have lost count of all the fake PayPal mails we have received from people trying to get hold of our credit card information. PayPal, of course, never asks for such information through emails, but there are always someone who falls for this trick.
If and when Google starts its so called Wallet service, it will not be limited to shoppers only. Considering the fondness Google has for webmasters, especially its pay per click advertisers and publishers, It would definately extend the service to them for easy transfers and distributing payments. Webmasters would also prefer to have a single system taking care of all their transactions.
With Google Wallet Logo staring visitors on almost every online store which we expect to happen, Google will gain a lot of visibility for its services too. So its both ways, services promoting Google Wallet and vice versa.
Internet users have finally overcome their inhibitions against online shopping and the amount of money generated thorough online trading is enormous. By adding a small fee to each transaction, Google may generate significant revenue. PayPal has proved that this is possible.
Consumers can then use this wallet for paying for services online. We would guess this system also will make it possible to make cheap "micro payments", i.e. payments where the sums are so small that the credit card fee will be larger than the total.
As and when Google Wallet is launced, its going to do good only to the online commerce, in terms of online shopping convenience and competetion to PayPal. Competetion as we know has always been good for any industry and Consumers will also benefit from it.
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| Google No Pal to PayPal - Jun 20, 2005 12:55 IST |
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Google is planning to launch its own version of an electronic payments system by the end of this year which will compete directly with Ebay’s PayPal.
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| Opera 8 delivers secure browsing to Macintosh - Jun 20, 2005 4:1 IST |
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Opera Software released Opera 8 for Macintosh, available for Mac OS X versions 10.2 and higher. The company claims this is their fastest browser till date, and gives Macintosh users Opera’s extensive functionality and an optional 15 languages standard upon download.
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| Netscape 8 Vs Internet Explorer Vs Firefox - Jun 19, 2005 10:48 IST |
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So where are you going today? And how are you going there? Is it the age old Microsoft Internet Explorer, the revamped Netscape Browser 8 or the cool Firefox.
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| Netscape Patches IE XML Issue - Jun 18, 2005 23:26 IST |
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Netscape has released version 8.0.2 of its browser to fix a bug that broke XML rendering in Internet Explorer.
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| A Dell with Mac OS, Michael Dell Likes it - Jun 18, 2005 13:38 IST |
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It seems Apple isn’t going to go out of news very soon. After having created a lot of waves in the industry by dropping its long time chip supplier IBM, it is in the news again. But this time Apple hasn’t done anything. It is Michael Dell, CEO of Dell who has shown interest in the Mac OS.
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| Intel gets into Wi-Fi Overdrive - Jun 18, 2005 5:6 IST |
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Intel has re-emphasized its focus on wireless networking by launching a unified Wi-Fi technology supporting solution this Friday. The prototype released would be supporting most of the Wi-Fi standards available and expected to be launched in future.
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| The Power of Google Search, now in your Mobile - Jun 17, 2005 22:35 IST |
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Google Inc. announced today the beta of its new search, Google Mobile Web Search targeted for handheld devices like mobile phones.
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| Yahoo gets into "Deep Web" to stay ahead - Jun 17, 2005 18:55 IST |
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Yahoo Inc. is starting a new service, Yahoo! Search Subscriptions which gives users an access to multiple subscription sites, provided they pay for it.
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