fbpx

July 13, 2021Blog Posts

Google to buy Japan payments firm Pring

Reuters

Alphabet’s Google has agreed to buy payments business Pring from backers including fintech firm Metaps Inc. as the U.S. tech giant pushes into Japan’s rapidly growing market for cashless services.

The startup’s three top shareholders – Metaps, software company Miroku Jyoho Service Co Ltd and Nippon Gas Co  – announced on Tuesday they would sell their combined 87% holding in Pring to Google.

Metaps said it is selling its 45% stake for 4.9 billion yen ($44 million).

Google has operated its smartphone payments business – now called Google Pay – in Japan since 2016. Tech companies such as SoftBank Group Corp and Rakuten Group Inc as well as financial firms are encouraging Japanese consumers to move away from a deep-seated preference for cash.

Google logo - Wikipedia

Source

Growth strategies are changing and The Strawhecker Group (TSG) is at the forefront of helping ISVs and payments providers drive revenue.

ARE YOU A SOFTWARE PROVIDER? Does your company have software that processes transactions that leaves you wondering about becoming a payments provider?

Check out three new case studies (direct download) demonstrating TSG’s payments monetization process, which has helped create millions of dollars of new recurring revenue.

ARE YOU A PAYMENTS PROVIDER? Is your ISV strategy keeping you up at night? Payments providers that don’t invest in software through partnerships or acquisitions risk falling behind in a rapidly evolving marketing. TSG can help target attractive verticals, key players, and use data to help you plan and execute a strategy.

Want more? Discover even more tools for success here.

  • Share this post: