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Google strengthens mobile payment development with Zetawire acquisition

Updated Dec 19th, 2018 6:56PM EST

Ever since Google CEO Eric Schmidt first touted Android 2.3’s NFC capabilities at a recent conference, Google has made it clear that it plans to make a big play in the mobile payment space. Google’s play will star NFC, of course, and it certainly isn’t the only major player in the cell phone space looking to capitalize on the coming mobile payment boom — Nokia has already released NFC-equipped cell phones, RIM is known to be eying NFC and Apple is rumored to be testing the technology for future iPhone models. Today, The 451 Group revealed that Google recently acquired stealth mobile payment startup Zetawire. The Toronto-based company has less than five employees and no website, but it does have a patent application filed for “a payment system, an advertising system, and an identity management system” combined into a single offering. It’s hard to say exactly what Google has in mind with this acquisition, but it is probably safe to assume the company’s plans involve Android, NFC, ads and making money.

[Via Phone Scoop]


Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content. Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment.

His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.