Google Becomes More Aggressive on Internet Mobile Payment! Plans on Acquiring Softcard, a Mobile Payment Company

wordpress-527090-1677976.cloudwaysapps.com Blog

Google Becomes More Aggressive on Internet Mobile Payment! Plans on Acquiring Softcard, a Mobile Payment Company

The internet search giant, Google is said to be in acquisition talks with internet mobile payment company, Softcard, with plans on offering about $100 million for the deal, according to CNBC. A spokesman at Google however declined to comment on this latest venture.

Concurrently, Paypal the other e-payment company is also seeking to buy Softcard, a joint-venture initiative founded in 2010 by Verizon, AT&T and T mobile. according to an individual who requested anonymity and as reported by BITS.

Google

Such aggressive moves into the e-payment world comes at the heel of Apple’s mobile initiative that have garnered much interest from collaboration with banks, merchants and credit card companies around the globe. Apple Pay which was introduced last year with their I-Phone6, have piqued the interest of other e-commerce giants in this latest frontier of e-payments.

With Apple pay picking up in popularity and PayPal going solo later this year every major tech company is rethinking their mobile payments strategy,” said a banker who is apparently not involved in the deal. “We are likely to see a lot of M&A activity in this space.”

Photo Credit: Chris Ratcliffe | Bloomberg | Getty Images

 

About Me

Theresa Jordan

Curabitur nec justo sit amet urna convallis viverra. Phasellus auctor id lectus vel tincidunt. Phasellus sed lorem id diam venenatis ullamcorper. Curabitur iaculis risus vitae magna eleifend, at auctor dolor ultricies. Sed rhoncus aliquam turpis, a hendrerit arcu.

Sponsored

Recent Comments
Movie, TV Show, Filmmakers and Film Studio WordPress Theme.

Press Enter / Return to begin your search or hit ESC to close

By signing in, you agree to our terms and conditions and our privacy policy.

New membership are not allowed.

Noxe Studio

The Noxe Film Studio
1418 Noxe Street, Suite 3845
California, USA

Center Office

+(01) 426-9824
hello@gloriathemes.com
12369, New York, USA

All Right Reserved 2020 The Noxe Studio. Powered by Gloria Themes.