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.
