Google Unveils App for Paying with Phone - Personal Statement Example

Comments (0) Cite this document
In the paper “Google Unveils App for Paying with Phone” the author describes how he reckons the app for paying with phone launched by Google recently, which is expected to be seen in mobile phones of the public by this summer, would be a revolution in the field of electronic payment transactions…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER93.7% of users find it useful
Google Unveils App for Paying with Phone
Read TextPreview

Extract of sample "Google Unveils App for Paying with Phone"

To begin with, I reckon the app for paying with phone launched by Google recently, which is expected to be seen in mobile phones of the public by this summer, would be a revolution in the field of electronic payment transactions. As the technology engaged by Google suggests, it would be safer carrying your money in mobile phones, than carrying your plastic cards. “Mobile Wallet” as called by Google is an app for the Android phones, which when waved at retailer’s terminals, would let the payment through avoiding the usage of a credit card. This app sends a message to the merchant’s terminal through a chip placed in the mobile phone. For now, this app allows the usage of cards issued by Citibank and a virtual card by Google, but Google is trying to incorporate the cards of other banks as well, as soon as possible. This technology can be used at 124,000 merchants in the US and 300,000 merchants outside the US. Google has done what many firms have been trying to do since years, the “Mobile Wallet” technology. One can be sure of the app’s success, as it has been approved by many retailers and with its promotional offers and coupons, Google would leave no tables unturned. Google would also collect some fee from the retailers every time this app is used by the customers, just like the plastic cards. Though this technology needs some time to see the light, Google has been engaging top brands to accept payments through this technology. The other attractions of this app comprise the loyalty points and discounts that one can get using this app. On the other hand, controversies have already rounded this technology. PayPal has filed a suit against Google and a couple of its executives for the usage of PayPal’s trade secrets. Despite the positive and the negative aspects of the app, it is sure to come up with many other interesting features as well. “Eventually, Google said, its wallet may be able to hold much more, including car keys and airline boarding passes. But access to such items will still require a fully charged phone.” (Bernard, 2011) Google since its advent has been adopting best strategies and so has it with the current strategy of launching this app. This strategy of Google when analyzed from the “Porter five force analysis” definitely looks like a good move. The first Porter force of the threat of substitute products can be ruled out in this case, as this app is the first of its kind, and so can be the second force, the threat of established rivals for the same reason. The third force, the threat of new entrants is inevitable for any product, but this would have only a small effect on this app as it looks like a comprehensive one. The last two threats of bargaining power of suppliers and bargaining power of customers would be taken care of, by the highly experienced and diplomatic marketing officials of Google. This analysis once again goes to prove the impeccable business strategies of Google in today’s competitive market. Google’s new “Pay with phone” app is clearly a boon to the customers. This would take the place of plastic money in no time. With the ample services and features that this app offers, none can refrain from having it in their phones. Since it looks like a better method of paying by avoiding the plastic, it also makes people less vulnerable to any direct thefts. But there is a negative side to this application too, that is people are becoming more tech-savvy these days and so are the cyber thieves. Though Google ensures high security through the access of the app by a personal pin, it wouldn’t be long for us to hear hackers breaking these codes. But since Google ensures promising security with its matchless technology, perhaps people would find it comfortable using this new technology and would get acquainted with it in no time. To conclude, as this app is versatile with various features and user friendly interface and since this mode of payment is very likely to be approved by all retailers, we may soon find people waving their mobile phones for their purchases. Works Cited Bernard, Tara Siegel. (2011, May 26). Google unveils app for paying with phone. Retrieved from Read More
Cite this document
  • APA
  • MLA
(Google Unveils App for Paying with Phone Personal Statement, n.d.)
Google Unveils App for Paying with Phone Personal Statement. Retrieved from
(Google Unveils App for Paying With Phone Personal Statement)
Google Unveils App for Paying With Phone Personal Statement.
“Google Unveils App for Paying With Phone Personal Statement”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Google Unveils App for Paying with Phone


...Google I believe that Google has core competencies because it was able to make a breakthrough in the Internet business by transforming its technological tool into a profitable business, by relating its core competence with an innovative way to generate revenue flows and structuring its business with the correct mix of technology and innovation (Sugano, Goncalves and Figueira, p.3). Google is acknowledged to be one of the online giants, together with Yahoo and Amazon. Google has focused on achieving a leadership position by offering the search engine and advertisement engine on the Web. The core competence of Google is based on the technology used in the...
1 Pages(250 words)Assignment

Investing in App Recommendation

... Investing in application recommendation Compatibility Compatibility of applications depends on the model of the device and the operating system in the device. MEDL company’s applications are compatible in android devices, iPods and iPads, including also best vendor, kinetic and Appspace applications. For Tapjoy, Appgroves, chop and Qiuqiu applications, they are compatible in iOS, android devices, HTML5 including windows phone 7 device. Thus, gets attention from most users (Marvin, 310). Cost of the end user Applications by MEDL Company have the highest cost, due to the devices using them, most going for $2.99. Best vendors have subsidy in price though selling applications for the same devices as MEDL. From Tapjoy point of view... devices...
4 Pages(1000 words)Admission/Application Essay

Google opportunities for Google Inc. 2. Earning Through Advertisements – Earning high amounts of revenue due to advertisement products (AdWords and Pay per Click) is another major business opportunity for Google Inc. Google AdWords marketing also gives it an edge over its competitors. The AdWords marketing is a convenient, effective, and easy to measure tool of marketing (Carter 2012). Threats for Google: 1. Increased Competition – Companies like Yahoo and MSN are also improving their information reliability and efficiency posing a constant threat for Google Inc. References Carter, S 2012, ‘Five Benefits Of Google...
4 Pages(1000 words)Essay


...Google Inc In 2004 Google became a public corporation. Its debut price was $85 and withina year it rose to $300. The more than 300% growth in its first year is unprecedented to say the least. Google’s main competitor in the search engine business is Yahoo. But in spite of Yahoo’s longer presence in the internet services market, its market capitalization still falls below that of Google (a much later entrant to the market). This figure stood at an impressive 80 billion dollars toward the end of 2005. One reason for Google’s success is its emphasis on innovation and its reputation of being the torch-bearer of search engine technology. In this key...
2 Pages(500 words)Essay

How to build a phone app

...related to Java Script. In the testing phase of the developed application this option must be turned off, in order to experience the application. The icon and startup requires an icon, either of a JPEG or PNG format. In case of iPhone, corners of the icons will be curved by default. Developer will need to create a dropshadow with a gloss and apply it to the icon. The size of the icon depends on the phone type and model, as certain phones only allow a specific size. Similarly, for the startup screen, same procedure will be adopted. As per best practice, developers must keep the file size small, although, contents caching is available, still it is recommended ("How to Make an HTML5 iPhone...
9 Pages(2250 words)Research Paper

Develop an Adroid app or iPhone app;

...Number: Lecturer: Developing an Android application With the advent of smart phones, mobile applications are becoming common with many people opting to use smart phone applications; there is a need to develop applications that will suit any need. The development of a smart phone application follows some laid out standards and requirements. Before the development of the android application, there is a need to have a development environment. The development environment include having Android SDK, ADT plug-in that is used for Eclipse, download the latest tools (SDK) using the download manager. The development of smart phone applications is undertaken using Java...
2 Pages(500 words)Essay


...which are face to face. This technology makes it easy to brainstorm easily and make faster decisions especially for business people. Chromebox a product of Google is built on the principles of speed, simplicity, and security and brings together Google + hangouts and Google Apps. Google has also developed art made with code. This is a strategy which aims at calling for future interactive artists. Google has made it easier to connect between science and art. The modern artists like Madonna are using technology as a means of inspiration and inventing ways to give life to code. What is being presented is able to spill from the screens...
4 Pages(1000 words)Assignment

APP assignment6

... Describe the Hersheys’ process using terms like process vs. assembly and continuous vs. intermittent. Hershey’s employs the batch process to produce chocolate products in successive, consecutive phases. The phases are coordinated, but are divided for processing at various workstations or terminals. The process generates a ‘batch’. Hershey’s chocolate making process involve various batches. The factory design guarantees that batch process terminals are clustered in the same part of a factory. Facilities that produce chocolates generally employ batch process to produce different variations of chocolates (e.g. milk chocolate, with almonds). How Hershey’s uses the batch process is shown in the division between the processing... Describe the...
2 Pages(500 words)Assignment


...of one million servers across the world, with more than one billion search requests every day. Goggle is the most visited search engine and website across the world. Google offers its search services in different languages. It is one of the best performing corporations in the world (Google 1). Google Company also owns You Tube and Blogger sites. Google has continued to grow since 1998 and has expanded its services and products to mobile phone operating systems. The company is headed by a CEO (Google 1). Though the company started by offering search engine services, the company has over the years endeavored to make life easier. The search...
2 Pages(500 words)Term Paper

Apple Unveils Its Offline Strategy

... Apple Unveils Its Offline Strategy Apple Computers Inc (Apple) had differentiated itself in the computer market through its creative efforts and building futuristic products. Wherever high end computing was required Apple’s products were used. They enjoyed a trusted and loyal customer base but their customer base comprised of a small percentage of the total PC market (ICMR, 2003). They introduced new products - Lisa and Macintosh (Mac), targeting the high-end and education market. After the founder Steve Jobs resigned from the company, the company went through a series of management and structural changes that resulted in heavy losses. As losses mounted Jobs was brought back as the CEO who realized that licensing Mac...
6 Pages(1500 words)Essay
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Personal Statement on topic Google Unveils App for Paying with Phone for FREE!

Contact Us