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Google Wallet and Apple Pay race for second place

VIDEO3:2503:25
Google buys mobile payment tech

While Apple has ventured into mobile payments with Apple Pay, Google's latest deal with wireless carriers could give Google Wallet more of an edge.

Google and mobile payments company Softcard announced a deal Monday that would mean Google Wallet would be preinstalled in Verizon Wireless, AT&T and T-Mobile USA, making it easier for users to get started with Google Wallet.

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But despite Google and Apple getting much of the attention in the mobile payments realm, Paypal still dominates among mobile payment players.