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Report: Apple, Google vying for mobile payment startup

AdMob-style bidding war between the pair could be on the way

Both Apple and Google are in talks to acquire Boku, a company offering online payment technology via mobile phones according to a new report.

TechCrunch reports, President and CEO Mark Britto and co-founder Ron Hirson of Boku, have both been involved in a series of meetings with Apple in the past three weeks. TechCrunch adds, Boku has also engaged in high-level meetings with Google, namely with Director of Engineering Michael Morrissey, who oversees developments for Google Mobile Services for Android.

These talks suggests that both companies are exploring how to become more serious about mobile payments claims TechCrunch, while an AdMob-style bidding war between the pair could be on the way.

According to the company, Boku's goal is to bring bank-grade payments technology and mobile users together on the web, creating a trusted, viable and accessible market for consumers, publishers and carriers alike. Boku is based in San Francisco with offices in Europe, Asia and Latin America.

Boku can already can be used for in-app purchases for Google Android apps.

See also: Apple sues Motorola over mobile phone patents


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