Yet another executive has left the Google mWallet project. This time director of product management at Google Walllet Peter Hazlehurst, has departed the company, reportedly to pursue opportunities outside of payments entirely.
Google Wallet launched in 2011, but has yet to ignite among consumers. The company also faces stiff competition from PayPal, Apple and a variety of mWallet start-ups.
Hazlehurst is the latest in a string of executives who have left the project. Since last May, 4 other executive have left the project including Osama Bedier, the former head of the project.
“The opportunity is huge for them so they won’t be giving up anytime soon, but the company is also accustomed to a purely online world where you can push products out and they either take or they don’t,” independent payments industry analyst Rich Oglesby told The Wall Street Journal. “So they try a variety of different things until something does take, and that often does mean switching up the people at the helm to bring in new ideas.”
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