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PayPal agreed to buy Hyperwallet, a Canada-based payments provider, for $400 million in cash. This acquisition support's PayPal's thesis that marketplaces will be one of its biggest growth drivers. Hyperwallet is positioned as a marketplace payment solution and counts Amazon.com's Australian business and HomeAway as customers.
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“We see an explosion of marketplaces,” said Bill Ready, PayPal’s chief operating officer, in an interview. “We want to serve them with a full operating system for commerce.”
https://www.wsj.com/articles/paypal-nears-400-million-deal-for-payments-firm-hyperwallet-1529439302
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