Google has officially announced the acquisition of Softcard (known as Isis Wallet before), further strengthening Google Wallet’s cause. Google mentioned that it has acquired “some exciting technology and intellectual property” from Softcard, which will be instrumental in Wallet’s potential success in the future.
The company also mentioned that the Google Wallet app will be preloaded on Android devices sold by Verizon Wireless, AT&T as well as T-Mobile in the future. We’re guessing these changes will take effect immediately. Sprint has already been offering Google Wallet with its devices, so it is not impacted by this news.
Softcard was jointly run by the aforementioned three carriers, so its acquisition essentially means that Google has managed to catch hold of the carriers as well. There is further incentive for carriers to use Google Wallet as there is likely to be a cut for each transaction. This could encourage the carriers to spread awareness about Google Wallet among the customers.
Not stopping here, Google mentions that there’s a lot more to come, so we can expect more news to follow as we progress into 2015.
Source: Google Commerce
Via: Droid Life