Verizon will not let you have Google Wallet. Verizon, T-Mobile, and AT&T are working on making their pockets bigger with Isis. Unfortunately that means they will continue to block Google Wallet so there is no competition. Personally if there is something Verizon, T-Mobile, and AT&T are working together on I would prefer staying as far away as possible. Google Wallet is possible to side load on your device since unlike the iPhone non-market apps can be installed.
So Verizon just lied through their teeth to the FCC. I am excited to see how much that fine will be when they figure it out.
Bet Verizon will win. Google locks out anyone using the secure layer which could be deemed anticompetitive. Isis has to bypass(turn off) or else Isis will not work. Paypal can't use it either when they wanted to. Square at one point wanted to use it, but changed their minds when they found out they were locked out with no way of making their own secure element.
I am surprised everyone is talking about Isis and wallet which are not the competition in the grand scheme of things.
Wallet and Isis are nothing more than terminal apps. The real competition is Paypass and V.Me. I bet both Wallet, and Isis will support both and in the end it doesn't matter.