It looks like the US cellular carriers are bowing out of the mobile payments war. Google just announced it has struck a deal with Verizon, AT&T, and T-Mobile to purchase "some exciting technology and intellectual property" from Softcard, the carriers' mobile payments initiative. The three carriers have also agreed to preinstall Google Wallet on their Android phones.
Google is planning to sell wireless phone service directly to consumers using the networks of Sprint and T-Mobile, according to reports published Wednesday.
Between now and April 9, T-Mobile subscribers can walk into a Sprint store and immediately receive at least $200 in credit for any working smartphone if they switch to Sprint's network, the company announced Friday. Sprint has fired a shot over competitor T-Mobile's bow.
T-Mobile this week announced an initiative that it calls "smartphone equality." The carrier will no longer punish customers with less-than-great credit.
Google is gearing up to sell wireless service directly to customers as a mobile virtual network operator (MVNO), by acquiring excess network capacity from Sprint and T-Mobile and reselling it to customers under its own brand.
Google is reportedly looking to buy a competitor to Apple Pay- the one that until recently was known as "Isis.
The Simply Prepaid plan puts T-Mobile in direct competition with its own prepaid arm, MetroPCS, which may actually still provide a better value for some.