PayPal procures Hyperwallet

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20 Jun 18 04:25:59 am
PayPal has recently acquired Hyperwallet after agreeing to purchase shares worth $400 million in cash. Hyperwallet is a global payout platform , services big companies such as AirBnB, Lyft, and Uber. What comes with this procurement is enhancing PayPal's capabilities providing integrated payment solutions to eCommerce players worldwide.

Due to this acquisition, PayPal and Braintree merchants will be open to localized payment gateway capabilities in 200 markets or more with more choices in payment terms, i.e. debit card, bank account, cash pick up, check, and PayPal. This is good news to everyone in the virtual market then!

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