WSJ: Wal-Mart, Target And Other Retailers ‘Secretly’ Working On Mobile Payments System

Posted on Mar 2 2012 - 7:12am by Editorial Staff

In order to compete “biggies” of the field, it is often seen that group of companies bunched together themselves and start working towards the rival – this is what happening in the case of chasing Google and big cellphone companies’ mobile-payments system product.

WSJ is reporting that Wal-Mart and Target are among the two dozen retailers working together to develop a mobile-payments system in order to compete with similar products from Google and big cellphone companies. The push represents an effort by merchant companies to make a big sigh and get the upper hand in the fast-developing market that turns cellphones into payment devices.

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