Businessweek- Google Wallet (GOOG), the mobile software that allows Android users to pay for purchases online and in stores with their phones, has become a money pit. The company has dedicated hundreds of developers to Wallet and spent about $300 million to acquire digital payment startups to help develop the app. But consumers aren’t sold. Wallet has been downloaded fewer than 10 million times in the two years since its launch, according to Play, Google’s app store
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Google’s perception as an innovator is at risk.
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Following Google and many other companies, Byju has joined the list of companies to fire hundreds of workers.
Wallet is one of the best and clean app, but still confuse why this happening :P
If Verizon supported Google wallet then the number of downloads could easily have doubled. How much has Google put into marketing Wallet? I have not seen a single advert for Wallet since it started, only reading about it online like this.