Google Delves Deeper into Mobile Payments with Latest Acquisition

Google has an insatiable appetite for mobile payments, that much is clear from the Internet search giant’s most recent acquisition.

On Tuesday, word came to light that Google had gobbled up the mobile payments processing firm TxVia, the tools, talents, and resources of which will now be dedicated to expanding and improving upon the Google Wallet platform.

As of this writing, it isn’t known how much Google paid for the company.

“Over the last year,” writes Osama Bedier, Vice President of Wallet and Payments at Google, “we’ve been hard at work developing Google Wallet, a payment service that makes it possible for people to redeem discounts, earn loyalty points and pay—all at the same time, whether they’re shopping online or at the store around the corner.”

Today, we’re thrilled to announce that we’ve acquired payments technology company TxVia to complement our payments capabilities and accelerate innovation towards our full Google Wallet vision. TxVia is a technology pioneer that offers a fast, flexible and highly reliable payments platform—which we believe is one of the best in the world.

Since 2008, Google says, TxVia has supported the management of more than 100 million accounts.

“Finding and purchasing products is a big part of day-to-day life,” Bedier adds. “At Google, we’re working to create new ways to improve the commerce experience. We’ve worked closely with TxVia over the last year, and they’re a forward-thinking team that will help us take the next steps in realizing the future of commerce. We welcome the TxVia team to Google.”