As many of you know, Paypal is sueing Google on its Google Wallet product, alleging that their former employees gave away trade secrets. If Google loses, Google Wallet could take a massive turn or take a huge financial hit.
While all this is happening, Apple is rumored to be making a similar product for its iOS and iTunes product line, called the iWallet. Expect to see the next iPhones equipped with the NFC chips. Orange is also launching a service called Quick Tap and O2 is expected to be coming out with somthing in the autumn.