Revenue sharing could be the kick-start that Google Wallet needs

Remember all the buzz surrounding Google Wallet last May? Unfortunately the buzz didn’t translate into meaningful growth. I have to be honest with you, I have a Galaxy Nexus, and I have yet to try it. It’s not about security for me or anything like that, I just don’t see that many places utilizing it so I haven’t bothered. Meanwhile, it’s not a big deal to pull out my credit card from my wallet.

Anyways, whatever the reason for the lack of adoption, Google is looking to get things going. Reports are that Google is considering sharing the revenue with Verizon Wireless and AT&T so they will be more receptive to embracing the technology. As we all know, Verizon and AT&T already have a similar system in the works called ISIS. Many feel that ISIS is the reason why the Verizon Galaxy Nexus doesn’t have official support for Google Wallet.

Google still feels enthusiastic about the whole project, but with so many other programs being developed, I think it’s going to be tough for a while now. What do you guys think? Have you tried Google Wallet?

source: bloomberg