EBay Inc.’s PayPal, the digital-payments unit being spun off from the Internet marketplace later this year, agreed to buy startup Paydiant Inc. to broaden its mobile offerings for merchants.
Paydiant, founded in 2010 and based near Boston, helps retailers such as Subway and Harris Teeter Supermarkets Inc. develop mobile-payment options and customer-loyalty programs in their own applications. Terms of the deal weren’t disclosed. The transaction is expected to close this month or next, PayPal said in a statement Monday.
Read more, via Bloomberg Business.