Google Wallet reportedly has experienced a sudden surge in use: Weekly transactions are up 50 percent, and the number of new users has nearly doubled in a month. Obviously, the primary explanation for this sudden leap is Apple's entry into the mobile payments world. It introduced Apple Pay in September and rolled it out officially October 20. Google Wallet has been available for real-world use since 2011 -- and it works with all major credit cards. So, was the U.S. market just not ready for mobile payments, or did Apple make it ready?The Apple Effect: The Leaders Shall Become Followers
Google Wallet reportedly has experienced a sudden surge in use: Weekly transactions are up 50 percent, and the number of new users has nearly doubled in a month. Obviously, the primary explanation for this sudden leap is Apple's entry into the mobile payments world. It introduced Apple Pay in September and rolled it out officially October 20. Google Wallet has been available for real-world use since 2011 -- and it works with all major credit cards. So, was the U.S. market just not ready for mobile payments, or did Apple make it ready?
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