Home » Technology » E-payment & Security » PayPal takes aim at banks with new acquisition

PayPal takes aim at banks with new acquisition

PayPal takes aim at banks with new acquisition

Soon it may not be necessary to have a bank account to make payments with PayPal. PayPal and TIO Networks announced today that PayPal would be acquiring TIO for $233 million. With this acquisition, PayPal accesses TIO’s 14 million customer accounts, and a network of agents, including Global Express, ACE Cash Express, and Moneygram.

TIO is a bill-payment processing service for those who don’t necessarily use bank accounts for their financial transactions.

Read More

About the author

Leave a Reply

Your email address will not be published. Required fields are marked *

You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <strike> <strong>