One currently has no mobile wallet product, the other has one that failed, but the ironic reality is that all eyes in mobile payments presently are fixed on tech giants Apple and Google.

As for Apple, the buzz is loud that the next iPhone will be released mid-September. As per its custom, Apple is close mouthed about specifications, except it has announced a new wallet app, to be integrated into the next release of the mobile operating system (iOS 6), that is called Passbook.

Said Apple on its iOS 6 Web page: "Your boarding passes, movie tickets, retail coupons, loyalty cards, and more are now all in one place. With Passbook, you can scan your iPhone or iPod touch to check in for a flight, get into a movie, and redeem a coupon. You can also see when your coupons expire, where your concert seats are, and the balance left on that all-important coffee bar card. Wake your iPhone or iPod touch, and passes appear on your Lock screen at the appropriate time and place — like when you reach the airport or walk into the store to redeem your gift card or coupon."