Mobile Wallet

Jack Dorsey’s company,called Square, has developed a phone application that’s designed to take physical credit cards out of the purchasing experience. iPad, iPhone and Android users can use the application to select the store in which they find themselves, of course if this corresponding application has installed in store.This application is currently available for free in the Apple and Google application stores.Visa, which is a strategic investor in Square, have to launching its own mobile wallet platform in U.S.A and Canada in fall 2011.Google also officially announced the launch of its own payment platform,called Google Wallet, in U.S.A in summer. Google Wallet initially supports Mastercard credit cards and accepts payments from users in 120 stores in U.S.A.