PayPal Makes a Grab for Marketplace Payments with Hyperwallet Acquisition

PayPal made a strong move into the group payments space with the announcement it will purchase Hyperwallet for $400 million. The deal is expected to close in the fourth quarter. Hyperwallet allows for businesses such as Etsy, eBay or Uber to easily make disbursements to multiple merchants or drivers, even across international borders.

Source: PayPal Makes a Grab for Marketplace Payments with Hyperwallet Acquisition

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