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Articles tagged with: mobile payment

Google To Acquire Punchd

It seems that Google is about to acquire Punchd to improve their Wallet product. The deal, said to be worth over $10 million, would provide Google with a mobile loyalty card system built on the Android and iOS platforms, which would be perfect for Google Wallet.

Google Wallet could definitely use Punchd to improve its current loyalty provisions. Their system relies heavily on NFC wireless, and Punchd’s system relies on QR codes.

eBay Inc. Acquires Zong

eBay said this morning that it is acquiring Zong, a venture-backed mobile payments provider, for about $240 million in cash.

Zong works with more than 250 mobile network operators worldwide, offering localised payment services on a user’s mobile phone or PC through their carrier billing. Consumers have to enter their mobile phone numbers and then, in a matter of seconds, Zong verifies that number and clears the payment on the customer’s existing wireless service account.