March is coming in like a lion in the world of mobile payments!
When PayPal announced it was splitting off from parent company eBay in the closing days of September 2014, the payments ecosystem seemed to collectively offer a variety of opinions on a single question – “Now what?”
Today, it looks like the ecosystem may be getting one piece of its answer. PayPal has announced its intention to acquire Paydiant, a white-label, cloud-based mobile wallet platform for retailers, banks and payment processors (as well as cardless ATM access). According to sources cited by re/code, the purchase price will be $280 million. Read more >>