PayPal Acquires Mobile Payments Startup Card.io

PayPal has acquired card.io, a company that allows developers to capture credit card information by using a smartphone’s built-in camera. The acquisition tends to bolster PayPal’s digital wallet, an area where Square, Google Wallet and others have boldly entered before PayPal. Last year, the company acquired its first mobile payments startup, FigCard.

[Source: TechCrunch]



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