Google Pads Its Wallet

Google on Monday announced a two-pronged thrust to beef up its efforts in the mobile wallet arena. It has struck agreements with Verizon Wireless, AT&T Mobility and T-Mobile to preinstall the Google Wallet app, including its tap-and-pay functionality, on Android phones the carriers will offer later this year in the United States. The devices must run KitKat or later versions of the Android operating system. Google also purchased the technology and IP of Softcard, a mobile wallet launched in 2010 jointly by the three carriers.

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