Investments, Mobile

Google Teams Up with Carriers for Google Wallet; Buys Mobile Payments Company Softcard

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Google has announced a deal with AT&T Mobility, T-Mobile USA and Verizon Wireless, to get the Google Wallet payments app pre-installed on their partner mobile handsets. Also, Google is buying technology firm Softcard, a mobile payments app backed by the same carriers.

As part of the deal, the Google Wallet app will come pre-installed on Android phones sold by these carriers in the US later this year. Google Wallet allows users to tap their phones to pay at checkouts in some brick and mortar stores.

“For now, Softcard customers can continue to tap and pay with the app. We will share more information with customers and partners in the coming weeks. Today’s announcement is a positive step forward for the mobile payments industry and wireless consumers,” Softcard wrote in its BlogPost.

Softcard was founded in 2010 by AT&T Mobility, T-Mobile USA and Verizon Wireless and operated in NFC-based mobile payments and commerce in the U.S. by offering merchants more options and consumers a better way to shop, pay and save using mobile phones.

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