Google Wallet is certainly an impressive piece of technology, but only coming pre-installed on one carrier in the US, it’s not exactly off to the greatest start. In hopes of revamping the service, Google has begun work on Wallet 2.0, reports The Verge. The revamped service will allegedly featured a more cloud-based architecture, which will be helped by Google’s recent acquisition of TxVia. Currently, Google Wallet only comes pre-installed on the Nexus S and Galaxy Nexus on Sprint. For Google Wallet 2.0 to really take off, it would make sense for Google to get a few more partners on board. However, the other three major carriers are attached to their own mobile payment product, called Isis.

But, Google may not be partnered with the Now Network for too much longer. According to a new report out today from the NFC Times, Sprint is currently working with partners to launch its own mobile payment service — allegedly called “Touch”. It’s not exactly clear if Sprint plans to drop Google Wallet, but offering their own service would give them more control, and it wouldn’t make sense for them to hold on two both platforms. We’re sure more information will come soon.

As for more on Google 2.0, that will most likely be discussed at this year’s Google I/O conference, taking place from June 27th – 29th in San Francisco.

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