“Google Wallet may finally receive a much needed upgrade this year. Official announcements are expected during the company’s annual I/O conference in June.
Experts say the competitive nature of the mobile payments space has caught Google’s attention. In particular, it aims to slow down the spread of Apple Pay.
Rumors supporting the tech giant’s plans to boost its payments services start with the possible acquisition of Softcard, currently owned by AT&T, Verizon Wireless and, T-Mobile USA.
“We believe these efficiencies will best position Softcard in the marketplace while maintaining focus on serving out market,” mentioned a business representative during an interview with TechCrunch.”
Read more>>