The financial terms of the acquisition were not disclosed.

Since 2008, TxVia has supported the management of over 100 million accounts, and has also certified and directly connected to the major payment networks, Osama Bedier, vice president of Wallet and Payments at Google said .

TxVia will complement Google's payments capabilities and accelerate innovation towards its "full Google Wallet vision", Bedier said.

Google has already worked closely with TxVia over the last year.

Google Wallet, a virtual wallet for payments online and at physical stores through mobile phones, is facing competition from payment processors like PayPal and mobile carriers backing alternative mobile payment systems.