Paypal Acquires Mobile Payment Company

Acquisition of Modest gives merchants the ability to provide buy buttons for their products

Online payments provider PayPal has announced its first acquisition since its split from eBay, revealing that it has acquired mobile payment start-up Modest.
Modest's technology will allow consumers to make purchases in apps by giving merchants the ability to provide buy buttons for their products, similar to Pinterest's Buyable Pins (which actually uses PayPal's Braintree platform.)
A senior PayPal spokesman said that the deal represents what PayPal calls contextual commerce, and the company is confident that this is becoming the new frontier for commerce.
"For consumers it will mean seamless, simpler and safer ways to buy the things they want, anywhere they discover them," Bill Ready said in a statement.
Modest was founded in 2012 by Harper Reed, who served as chief technology officer for President Barack Obama's re-election campaign in 2012, and Dylan Richard, who was lead engineer for the campaign.

Online Casino News Courtesy of Infopowa

About the Author... Total Posts Written: 9,449


The man with the plan here at Casinomeister. Bryan Bailey has been running Casinomeister since its launch in June of 1998. He has watched the industry grow from its primeval stage to what it is now. The Meister has attended nearly 100 conferences in the past 20 years and has either been a speaker or a panel moderator for at least 60 events. He has always been an advocate of fairness and reason and is known to like German beer, a good Scotch, and astrophography.

See More Posts