PayPal takes the business card.io. Card.io has developed technology that allows credit cards to be scanned with the camera of a smartphone. What amount of PayPal for the acquisition consideration, is unclear.
Card.io makes sdk’s for developers of apps for Android and iOS. This is possible with the use of a smartphone, a credit card will be scanned and the payment can be performed. PayPal wants to be the technology of the card.io integrate in the ‘mobile checkout’ who the e-payments provider, since march. A consideration is not disclosed.
The card.io staff go the PayPal digital wallet team in San Jose to strengthen. “The employees of card.io go to PayPal to help close the digital wallet easier and more user-friendly,” says Hill Ferguson, vice president of global products at PayPal on the blog of the company. PayPal emphasises that the technology of the card.io remains available. “The current technology of card.io will continue to be available for developers in their own applications to integrate.”
Last year, eBay, the parent company of PayPal, the mobile-payment provider Zong. Zong allows users to make small payments to do with a phone. The costs are then added to the monthly phone bill.