Google’s Wallet team is seeing a high-profile departure as the vice president of Google Wallet, Osama Bedier, has decided to step down to pursue “other opportunities.” Bedier has been with Google’s wallet team since 2011, before which he came from an eight year stint at PayPal. The move was largely seen as a statement from Google on how seriously it was taking the mobile payments market–a move that sparked a lawsuit.
It is not clear if Bedier’s departure is linked to Google Wallet’s lacklustre performance. However, since its launch in March 2011, Google Wallet has seen its share of struggles as it has failed to gain significant carrier or merchant support. This is unsurprising given how fragmented the mobile payments space is, with many players fighting for a slice of the pie. Currently, only one major US telco, Sprint, supports Google Wallet, whereas the other major operators are running their own rival mobile wallet system with Isis.