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Report: Apple and Google in race to acquire mobile payments start-up

Apple and Google are rumoured to be going head-to-head in a battle to acquire San Francisco-based mobile payments firm, Boku. According to reports, Boku’s senior management team have held talks with both camps in recent weeks, prompting speculation of a bidding war between the two tech giants similar to when they both went after AdMob last year.

Boku launches payment service for virtual goods

San Francisco-based start-up Boku has launched a mobile payment service that enables users to buy virtual goods offered on online games and social networks by submitting their phone number instead of credit card details. The charge is then included in the next phone bill.