Google Potentially Moves into Payments Space
This Reuters article describes how Google might be planning to offer a Google Wallet. Google is one of the best innovators in the online space and this would be an interesting development for a few reasons. Most of the news analysis focuses on how a Google Wallet would compete against PayPal which is owned by eBay- one of Google's largest advertisers. Google's CEO has said that Google only offers services or products in a market with entrenched competitors when Google can offer a significantly enhanced value proposition. It will be interesting to see how Google can improve on PayPal's model. Yahoo and even eBay (prior to buying PayPayl) have both tried to unsuccessfully compete against PayPal.