I won’t say Google Wallet is a disappointment, but I will say I thought it was going to be bigger than it is now, almost one year from the announcement. We already heard about the possibility of revenue sharing with carriers to get things going, but now Google is making another move. They just acquired payments technology company TxVia. According to Google, TxVia will complement their payments capabilities and accelerate innovation towards the full Google Wallet vision. TxVia has been delivering payment processing solutions for more than 5 years, and since 2008, they’ve managed more than 100 million accounts. Will this move kick-start Google Wallet into the next gear? Time will tell.
source: google commerce