Google Wallet to Solve Micropayments?

Jun 20 2005, 1:37am EST | by Luigi Lugmayr

Rumors started to spread that Google might launch a online payment service comparable to PayPal called Google Wallet.

The NY Times has a good summary on the rumors and where they originated. An interesting theory on why Google might want to get into the online payment business appeared in a discussion thread on WebmasterWorld. Google has lots of experience managing small amounts of money through its adWords pay per click services. Extending this infrastructure with payment functionality would be a micropayment infrastructure many envisioned a couple years back as the future revenue of online publishers. Well micropayments did not happen yet. It only can be found in niche areas. Google with its ubiquity could maybe pull it off.

Just another PayPal might even for Google not successful. Several companies tried in the past and failed to challenge PayPal.

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Luigi Lugmayr
Luigi is the founding chief Editor of I4U News and brings over 15 years experience in the technology field to the ever evolving and exciting world of gadgets. He started I4U News back in 2000 and evolved it into vibrant technology magazine.
Luigi can be contacted directly at ml@i4u.com. Luigi posts regularly on LuigiMe.com about his experience running I4U.