About This Deal

Alphabet acquired TxVia, a transaction announced in April 2012.

TxVia operates in Payments / Commerce, is based in United States. TxVia operated a fast, flexible, and highly reliable prepaid and payments processing platform that had supported management of over 100 million accounts since 2008 and was certified to the major payment networks. Google acquired it to complement its payments capabilities and accelerate the full Google Wallet vision.

Strengthen the payments-processing foundation behind Google Wallet.

Deal Terms

Acquirer
Alphabet
Target
TxVia
Value
Not disclosed
Date
April 2012
Type
Acquisition
Status
Official-source — no SEC filing

Transaction Details

Target HQ
United States
Segment
Payments / Commerce
Announced
April 2, 2012

In Their Words

Today, we're thrilled to announce that we've acquired payments technology company TxVia to complement our payments capabilities and accelerate innovation towards our full Google Wallet vision.Osama Bedier, VP of Wallet and Payments, Google

Advisors

Advisory firms were not disclosed for this transaction.

Related Deals & Entities

Sources: Press release ↗

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