As latest reports indicated, Google is planning to compete with Apple in mobile payments.
As sources revealed, the Internet giant is planning to acquire Softcard, an organization that helps individuals to pay for things utilizing their cell phones.
The deal would give strategic advantage to the company to compete in mobile payments.
Tech titans like Apple and Google have great motivation to invest in payments.
By 2019, customers will purchase $142 billion value of goods utilizing mobile payments services, up from $52 billion in 2014, as per Forrester Research.