VentureBeat – 3/2/15: PayPal today announced it is acquiring mobile payment startup Paydiant. Financial details of the deal were not disclosed, though a report from Recode estimated the deal at $280 million, which PayPal declined to confirm. Founded in 2010, Paydiant helps brands build mobile apps with their own payment system. The startup has provided its services to 9 merchant customers so far: Subway, Orange Leaf, FIS Global, Vantiv, CUWaller, Harris Teeter, Barclaycard, Capital One, and Pulse.
Click here to read more: http://venturebeat.com/2015/03/02/paypal-acquires-mobile-payment-startup-paydiant
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