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So is Mobile Wallet going to take off?

The answer to that is Yes. At least huge corporations are running with it.

There has been a ton of news about mobile Wallet in the last few months. I have noticed a huge uptick in news in the last week. I received an email from Google today about their Google Wallet service that is becoming available on more Droid phones:

Google Wallet available on four new Droid phones: The Galaxy Nexus on Sprint, Unlocked Galaxy Nexus available on multiple carriers, LG Viper 4LTE on Sprint and the LG Optimus Elite on Sprint. Here is Google’s take on Mobile Wallet:

Make your phone your wallet

The Google Wallet mobile app securely stores your credit cards and offers on your phone. When you check out at brick-and-mortar stores that accept Google Wallet, you can pay and redeem offers quickly just by tapping your phone at the point of sale.

Carry your wallet on the web

The Google Wallet online service stores your credit cards in the cloud. When you checkout at online merchants that accept Google Wallet, you can quickly pay by signing into your Google Wallet account.

Here is what Google Wallets Facebook page says about Mobile Wallet:

Google Wallet is a mobile payment system developed by Google that allows its users to store credit cards, loyalty cards, and gift cards among other things, as well as redeeming sales promotions on their mobile phone. Google Wallet uses near field communication to “make secure payments fast and convenient by simply tapping the phone on any PayPass-enabled terminal at checkout.”

Google demonstrated the app at a press conference on May 26, 2011. The app was released on September 19, 2011. The app will only be available for the Sprint Nexus S 4G although Google plans to develop the app for more phones. The service will work with over 300,000 MasterCard PayPass merchant locations, with Visa licensing their Visa payWave system to Google for use in Wallet as of September 20, 2011.

Availability:

Initially, the only phone supported is Sprint’s Nexus S 4G, but Google plans to produce NFC stickers associated with one credit card each, to be affixed to non-NFC-capable phones. Two methods for providing money to the service are advertised, Citi Mastercards and Google Prepaid Card, which can be loaded using any major credit card. During Google Wallet’s unveiling at NYC headquarters, Google also touted the openness of their new system. Google said it will partner with all vendors of non-Android phones, including Apple, RIM, and Microsoft.

If you would like to find out more about Google Wallet check it out here:
http://www.google.com/wallet/
Google Wallets Facebook page:
http://www.facebook.com/pages/Google-Wallet/111946762156898

Here is a except from Wikipedia about what Mobile Wallet is:

Mobile payment, also referred to as mobile money, mobile banking, mobile money transfer, and mobile wallet generally refer to payment services operated under financial regulation and performed from or via a mobile device.

Financial institutions and credit card companies as well as Internet companies such as Google and a number of mobile communication companies, such as mobile network operators and major telecommunications infrastructure and handset multinationals such as Ericsson have implemented mobile payment solutions.

So you ask what does this have to do with domaining? I have noticed there are many domainers investing in mobile wallet domains. We even have a few here at http://www.tntnames.com/mobile-wallet . The best one we own is MobileWalletCompanies.com and VirtualPaymentCards.com. There are a few domainers that I know that have bought an extensive portfolio of Mobile Wallet domains. You can check out what one of them we found on Facebook that invested heavily here:

http://www.domainsyrup.com/

The owner of DomainSyrup.com who also runs a great Facebook page http://www.facebook.com/mobilewallet with tons of great info on Mobile Wallet news and recent sales. According to his page PayByCell.com sold for $7,000 EURO recently.

I also want to add our friend Stuart Hollington’s huge portfolio of domains at http://www.walletdomains.com I would say Stuart has the largest amount of Mobile Wallet domains that I have seen to date. Good job Stuart!

There are plenty of great domain names that are still available to register. Be creative, you may come up with a winner!

I haven’t seen many other notable sales as of yet but I do think Mobile Wallet names will become more valuable in the coming months. Here is a recent story about some of the new services that are already out or that are coming out in the near future:

http://www.businessinsider.com/credit-cards-an-endangered-species-2012-5

If you are thinking about registering any Mobile Wallet domains you can do it here for $7.99 for each .com or .co!:

$7.99 .Coms - Why Pay More?

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