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Google buys Softcard, partners US operators on m-payments

2015-02-24 08:48:00| Telecompaper Headlines

(Telecompaper) Google has acquired the US mobile payments venture Softard. First started under the name Isis, Softcard was launched by AT&T, T-Mobile and Verizon to bring NFC-based mobile payments to their customers. Softcard's technology will now be integrated into the Google Wallet. Under the new relationship with the mobile operators, the Google Wallet app, including the tap and pay functionality, will come pre-installed on Android phones (running KitKat or higher) sold by these carriers in the US later this year. No financial details of the agreement were disclosed.

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Samsung squares up to Apple in m-payments

2015-02-19 01:00:00| Total Telecom industry news

Korean electronics giant takes a different approach to wallet replacement with LoopPay acquisition.

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PLDT, Rocket Internet create m-payments JV

2015-01-06 13:20:00| Telecompaper Headlines

(Telecompaper) Philippine Long Distance Telephone (PLDT) and Rocket Internet have signed a definitive agreement to establish a global joint venture for payment services with a focus on emerging markets. Each of the two partners will hold a 50 percent stake in the joint venture. This project was envisaged as a global partnership that was initiated by the pre-IPO investment of PLDT in Rocket in 2014.

Tags: internet create rocket pldt

 

Samsung in talks with LoopPay on m-payments - report

2014-12-17 08:43:00| Telecompaper Headlines

(Telecompaper) Samsung has discussed a deal with a payments start-up that would help the smartphone maker introduce a mobile payments system in 2015 to rival Apple, multiple sources told Re/code. The technology would allow people with certain Samsung phones to pay in stores by waving their phones instead of swiping with a credit card or cash. It was not yet clear if Samsung had reached a deal with the start-up, US-based LoopPay. One source said the deal could still fall apart. A prototype of the payments system working on a Samsung phone has been created, the other source said. A Samsung spokesman and LoopPay CEO Will Graylin declined to comment.

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