11:37 AM
Olivia LaBarre
Olivia LaBarre

Google Could Benefit from Gupta's Resignation

The resignation of Vikas Gupta, Google's head of consumer payments, may be exactly what the company needs.

After an 18-month run as Google's head of consumer payments, Vikas Gupta has resigned from the company, according to AllThingsD's Tricia Duryee.

I believe that a major staff change such as this one presents a great opportunity for a company to refresh and progress. And after an anticlimactic September launch and limited adoption of the company's much-hyped Google Wallet, a breath of new life may be exactly what Google's consumer payments division needs.

[Read my blog about Google Wallet's launch here.]

I have not yet been able to connect with Google regarding the conditions of Gupta's resignation, restructuring possibilities or the company's larger goals for its consumer payments division, but check back here for more on the next moves in Google's consumer payments division and how it will affect the banking industry.

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