"Google announced on Monday that it has cut a deal with three wireless carriers — AT&T, T-Mobile and Verizon — as well as their jointly-owned payments company, Softcard, to have its Google Wallet payment application preinstalled on Android phones sold by the carriers.Google Guns for Apple in Mobile Payments Race - NYTimes.com
As part of the deal, Google said, it acquired “technology and intellectual property” from Softcard.
The move will allow Google to get its Wallet app in front of a whole lot more people, but it is facing an increasingly crowded field. Last week, Samsung acquired Loop Pay, signaling its move into mobile payments."
Tuesday, February 24, 2015
Google Guns for Apple in Mobile Payments Race - NYTimes.com
Also see Google Strikes Deal With Carriers for Payments (WSJ), which notes "For their part, the wireless carriers have a bigger incentive to work with Google because they get no revenue from Apple Pay, according to people familiar with the matter."