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Paypal(Ebay) übernimmt Paydiant
EBay Inc.’s PayPal payments unit is buying mobile wallet firm Paydiant as competition for in-store payments grows from rivals Apple Inc. and Google Inc.
The deal, for an undisclosed sum, will give the eBay EBAY, +0.33% unit instant access to a group of customers using Paydiant’s technology, including Subway and the consortium of retailers known as the Merchant Customer Exchange. That consortium, includes Target Corp. TGT, +0.78% Wal-Mart Stores Inc. WMT, -0.51% and Sears Holding Corp. SHLD, +1.54% has been developing an in-store payments app known as CurrentC, that is meant to be an answer to Apple’s AAPL, +0.80% Apple Pay system.
Massachusetts-based Paydiant provides the back-end technology behind mobile apps that allow for in-store payments using a scannable code at checkout. Unlike Apple, that technology requires the extra step of turning on a phone, which has slowed adoption.
PayPal’s in-store payments efforts have failed to gain much traction, including software for checkout registers and card-swiping hardware known as PayPal Here.
PayPal expects to close the deal for Paydiant as soon as later this month.
www.marketwatch.com/story/...teid=bigcharts&dist=bigcharts
EBay Inc.’s PayPal payments unit is buying mobile wallet firm Paydiant as competition for in-store payments grows from rivals Apple Inc. and Google Inc.
The deal, for an undisclosed sum, will give the eBay EBAY, +0.33% unit instant access to a group of customers using Paydiant’s technology, including Subway and the consortium of retailers known as the Merchant Customer Exchange. That consortium, includes Target Corp. TGT, +0.78% Wal-Mart Stores Inc. WMT, -0.51% and Sears Holding Corp. SHLD, +1.54% has been developing an in-store payments app known as CurrentC, that is meant to be an answer to Apple’s AAPL, +0.80% Apple Pay system.
Massachusetts-based Paydiant provides the back-end technology behind mobile apps that allow for in-store payments using a scannable code at checkout. Unlike Apple, that technology requires the extra step of turning on a phone, which has slowed adoption.
PayPal’s in-store payments efforts have failed to gain much traction, including software for checkout registers and card-swiping hardware known as PayPal Here.
PayPal expects to close the deal for Paydiant as soon as later this month.
www.marketwatch.com/story/...teid=bigcharts&dist=bigcharts
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