Google will overhaul its Wallet service and launch Android Pay in the near future
The battle for mobile payments supremacy is heating up, and Google plans to launch a new service that will establish it as a leader. The company plans to overhaul its troubled Wallet platform, which has struggled to gain traction among consumers in recent years. Google has plans to launch a new service called Android Pay, which will allow merchants to accept payments from credit cards as well as mobile applications.
Android Pay aims to make physical mobile payments possible in stores
Android Pay is designed to be a standalone mobile payments solution and will not replace Google Wallet. The Wallet application will receive special attention, making it more attractive to consumers that are interested in mobile payments. The app is being re-designed as a peer-to-peer platform, which will also allow consumers to send money to one another. They will still be able to use the platform to make payments to merchants that accept Google Wallet, of course.
Demand for mobile payment support in physical stores is rising quickly
Android Pay may become Google’s more favored mobile payments solution, as it is designed with brick-and-mortar stores in mind. Demand for mobile payment support in physical stores is on the rise, and companies like Google want to accommodate this demand by providing new services that make these payments more convenient. In this way, Android Pay will perform in much the same way that other mobile payments platforms do.
Google will face tough competition in the mobile payments space
Though Google has ambitious plans for mobile payments, the company will be faced with intense competition coming from others. Samsung is one of these companies. Later this year, Samsung plans to launch its own mobile payments service, called Samsung Pay. This service will provide consumers with a way to make purchases in physical stores using their mobile devices. Apple also plans to improve its own mobile payments service, introducing a loyalty program and making improvements to its already considerable security features.
Mobile games become a valuable revenue stream for Disney and Marvel
Mobile games have proven to be quite rewarding for Disney. The company has reported that it has established a strong revenue stream in licensing Marvel property to mobile game developers. Companies like Kabam have used their licenses to produce games that have become resoundingly popular among consumers. Due to the success of these mobile games, Disney is likely to continue placing emphasis on the mobile sector in order to find greater degrees of success.
Marvel Contest of Champions proves to be a resounding success
Kabam found significant success with its Marvel Contest of Champions game, an arcade fighter that has established a massive following. According to estimates from Thinkgaming, the game produces approximately $293,000 in daily sales, on average. The game is only six months old and boasts of more than 750,000 daily actives users. Marvel Contest of Champions holds a higher daily revenue and active user base than other games that have also become rampantly popular among consumers.
Mobile games continue to appeal to a wide audience of consumers
Mobile games are attractive because of their convenient nature, much like mobile payments. These games can be played at anytime and anywhere in the world, making them an attractive form of entertainment for consumers that travel frequently or have time to spare. The mobile space is quickly becoming one of the most lucrative aspects of the game industry, and more developers are beginning to focus their efforts on the mobile space in order to find success.
Disney may place more emphasis on the mobile sector
Disney has a long history in the game industry, producing titles that have enthralled millions. The mobile sector is providing the company with new opportunities, especially now that Disney is closely tied to Marvel. The success that Marvel has found in the film business has generate hype for games that make use of its intellectual properties, and these games have managed to attract the attention of gamers. Mobile games will likely play a larger role in Disney’s overall business plan going into the future.