US telco-owned mobile payments venture Softcard has confirmed that is shutting down after selling off technology and intellectual property to Google.
Google is preparing to launch a payments API that will enable third party developers to embed in-store and in-app payments within their apps, according to press reports.
Google is attempting to revive its flagging mobile wallet service by getting its app pre-installed on handsets sold by America's biggest telcos. In addition, the firm is buying technology from its telco-owned rival, Softcard, which looks set to be killed off.
Google's tactical retreat from the payments market continues apace with the closure of Bebapay, a pre-paid card for contactless transit fares in Kenya that was launched in 2013 with the support of Equity Bank.
We're pleased to announce our latest partnership with Google: beginning next week, some users of the Google app on Android will be able to receive Now cards from Coinbase.
Google is rolling out its e-mail-based money transfer system in the UK, almost two years after the feature was first released in the US.
E-commerce payment processor WePay has integrated with Google's Instant Buy API, a service that lets Google Wallet users check out in just two clicks on mobile and web without exposing their sensitive information to third parties.
Google is in talks to buy US telco-owned mobile payments venture Softcard for between $50 million and $100 million, according to press reports.
Memo to bank innovation teams: Take off the rose-tinted spectacles and put on your smart watches, Google ceases consumer sales of Glass eyewear.
P2P lending platform Lending Club has teamed up with Google to offer loans to the Web giant's partner firms.
© Finextra Research 2015