Google is reportedly in discussions to purchase the cashless payment app developer for up to $270m, potentially providing exits for Itochu, Nippon Gas and FamilyMart.

Internet technology provider Google is considering buying Pring, a Japan-based mobile payment service backed by trading group Itochu, gas utility Nippon Gas and convenience store chain FamilyMart, Nikkei has reported.

Google is in talks to pay between ¥20bn and ¥30bn ($180m to $270m) to acquire all of Pring’s shares, a move tied in with its plans to provide cashless payment and money transfer services in Japan in 2022, having launched similar offerings in the United States and India.

Nikkei contacted…

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Edison Fu

Edison Fu is a reporter and Asia liaison at Global Corporate Venturing.
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