Sprint to unveil own version of online wallet

Telecommunications giant, Sprint is reportedly launching their own version of the Google Wallet.

To be called “Touch”, Sprint’s mobile wallet is rumored to be launched as early as this summer. Unlike Google Wallet, the company is said to want to create a relationship with banks and other service providers.

According to a report by NFC Times, “The limitation isn’t the wallet’ the limitation is the secure element.”
CNET contacted Sprint to comment about the NFC Times report and the company sent this: “In keeping with our open approach, Sprint is actively working with others in the mobile payment ecosystem. We will continue to bring practical, easy-to-use mobile payment solutions to customers on Sprint devices, however, we don’t not have any new to share at this time.”

Google is the first company to launch their own digital wallet. Other companies have been toying with the idea, but have not yet released their own wallet.

Sprint is currently the only network backing up the Google Wallet. If the reports are true that the company is going to release their own version of the wallet, it is unclear whether they’d still continue to carry Google’s wallet or would they be discarding it for their own.

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