Google acquires TxVia to accelerate innovation of Google Wallet

George Costanza may have moved all-in to Google Wallet, but for many the service isn't quite ready yet. Google aims to change that, and today they announced that they've acquired TxVia, a global payments technology company. TxVia isn't likely a name you know, but chances are you've either seen or used their services. They support over 100 million accounts, and partner with many pre-paid card companies, rewards card vendors, and ATM network systems. The next time you see that big rack of various cards at the convenience store or grocery store, know that a good many of them use TxVia's PaaS (Platform as a Service) technology to process the funds on them.

This is a pretty big score for Google, and shows us that they are serious about progressing Google Wallet services. The possibilities are huge, and include the oft-wished for Google Play Store gift cards. Google or TxVia have announced no future plans as of yet, but we imagine they are coming. We'll be on the lookout for more news, and let you know first thing when it breaks.

Source: Google Commerce; TxVia

Jerry Hildenbrand
Senior Editor — Google Ecosystem

Jerry is an amateur woodworker and struggling shade tree mechanic. There's nothing he can't take apart, but many things he can't reassemble. You'll find him writing and speaking his loud opinion on Android Central and occasionally on Twitter.

  • Good to see them getting behind GW. Really want them to keep pushing this, as it works with the previous standard (PayPass).
  • Please get Visa on board!
  • Visa joined up shortly after MasterCard, just haven't made their cards available yet. Look for them this summer around the time of the Olympics.
  • Having used Google Wallet for the past few months, I can't deny that their implementation has been a bit hamstrung. A lot of it has to do with politics with the carriers, and it's a shame that that has to play into it. That said, once Google works out the kinks (Gmail wasn't perfect when it launched either) I could definitely see it being the preferred method of payment in the future. I already view physical credit cards as a legacy system, and it's just a matter of time before NFC or some other form of payment system outmods it.
  • I was excited about Google Wallet when I picked up my Nexus. Unfortunately it only worked once before I started having problems. I've not been real happy with Verizon or Google lately. Things have been heading the wrong way in my opinion. I assume TxVia won't mean too much for me.
  • I think Verizon is your first problem
  • These pretzels are making me thirsty!
  • Oh, how I wish there were Google Play gift cards. Holidays would be so much easier.
  • This company handles prepaid cards, maybe like Starbuck, rewards cards, maybe like your favorite resturant, office depot, costco, etc. This would be great, if they could pick up a bunch of those so i could empty at least 6 of those out of my wallet.
  • Screw Google Wallet.