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Telecom News

Google in talks to buy mobile-payments company Softcard: Report

Srinivas Srinivas · ·⏰ 1 min read ·
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Google in talks to buy mobile-payments company Softcard: Report

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Google is in talks to buy mobile-payments company Softcard, technology news website TechCrunch reported on Friday, citing people familiar with the matter.

The deal could help pair Google with the largest US wireless carriers to battle Apple and its new Apple Pay service, TechCrunch wrote.

The deal may be valued below $100 million, the report said citing sources. Softcard is jointly owned by AT&T, Verizon Communication’s Verizon Wireless Inc and T-Mobile US.

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Google was not immediately available for comment outside regular US business hours.

“We do not comment on merger speculation,” said a Softcard representative.

Srinivas
Written by Srinivas Telecommunications professional with over 18 years of industry experience specializing in mobile network operations, telecom performance analytics, and emerging wireless...