Google readies to fight Apple Pay


ASSOCIATED PRESS: Search engine giant is teaming up with a trio of wireless carriers to explore mobile wallet options.

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ASSOCIATED PRESS: Search engine giant is teaming up with a trio of wireless carriers to explore mobile wallet options.

The counterattack announced Monday is just the latest example of how the competition between Google Inc. and Apple Inc. is extending beyond the technology industry’s traditional boundaries. Besides payments, Silicon Valley’s two richest companies are expanding into fields such as home appliances and cars to increase their power and profits.

Google’s latest volley calls for its payment service to be built into Android smartphones sold by AT&T Inc., Verizon Wireless and T-Mobile USA later this year. Smartphone owners currently have to download the service, called Google Wallet, and install the app on their phone if they want to use it to buy something instead of pulling out cash or a credit card.

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