Here’s what Duff Research had to say: “PayPal is giving our team the opportunity to transform an industry and enhance people’s daily lives with technology. They’ve built the industry’s leading online payments platform, and our entire team is excited by the opportunity to work with the amazing group of technologists already at PayPal. As entrepreneurs, working in a culture of innovation and making an impact on the future of shopping and payments with millions of customers is what we found most attractive at PayPal.”
James Barrese from PayPal commented: “As PayPal continues to be a leader in mobile payments, we are looking for talented engineers with proven mobile experience to help us imagine, develop and deliver products our customers love.”
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.
Payments for digital and physical goods made mobile operating system-based payments platforms like Apple Pay and Android Pay are expected to boom in the next few years according to new analysis from Juniper.