Google acquires technology from Softcard (mobile payments)
Companies in Relationship
Initial Announcement Date:
Consideration: not disclosed
Google acquires key intellectual property from Softcard towards the end of moving forward its Google Wallet initiative. Softcard is a joint venture formed between AT&T,T-Mobile, and Verizon to develop mobile payments technology.
AT&T,T-Mobile, and Verizon will install Google Wallet on the phones they sell, thereby making Google Wallet a stronger challenger to Apple Pay.
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