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Google Acquires Payments Technology Company TxVia to Accelerate Innovation Towards Google Wallet

Google has acquired payments technology company “TxVia” to complement its payments capabilities and accelerate innovation towards companies Google Wallet vision.

“Over the last year, 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,” posted Osama Bedier, vp of Wallet and Payments, Google.

TxVia joins GoogleAdding, “TxVia is a technology pioneer that offers a fast, flexible and highly reliable payments platform–since 2008, TxVia has supported the management of more than 100 million accounts,” Bedier said.

In this time, TxVia has also certified and directly connected to the major payment networks, which establishes a solid foundation for Google Wallet and our partners to drive innovation on a global scale and in a partner friendly way,” he said.

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