Home Industry News Google Wallet Partners with and Acquires Softcard’s Technology to Better Odds of Winning Mobile Wallet Wars
formats

Google Wallet Partners with and Acquires Softcard’s Technology to Better Odds of Winning Mobile Wallet Wars

While there had been rumors that Google was in talks with Softcard to acquire the mobile network’s joint venture, the two organizations made an official announcement about their newly formed partnership on February 23rd. Under the deal Google will acquire Softcard’s patents and technology while the three major carriers that formed Softcard will now include the Google Wallet app pre-installed on their Android smartphones.

Once rivals, Google Wallet and Softcard now share a common line of reasoning that reflects a famous proverb: “An enemy of my enemy is my friend.” That common enemy is Apple Pay. To combat this enemy, or to at least keep pace with them, Google Wallet and Softcard decided to team up with a quasi-partnership-acquisition deal.

Read More

 

You must be logged in to post a comment.

© The Fraud Practice LLC 2012