The company has sent out emails to current users acknowledging that the app and all accounts will shut down on March 31st.
Softcard was created by Verizon, AT&T and T-Mobile but even hundreds of millions in investment could not buy any regular users for the service. Google acquired most of the tech that was powering Softcard last month, and has rolled it into their Wallet mobile payment app and used the tech for the upcoming Android Pay API.
Google is expected to pull the Softcard app from Google Play next week.
Check out a copy of the email here:
Written by: Andre Yoskowitz @ 5 Mar 2015 23:22