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PayPal acquiring mobile payment startup
On the heels of Samsung’s announcement that it would roll out Samsung Pay in the United States this summer, PayPal has announced it is buying mobile wallet technology startup Paydiant.
Paydiant technology powers payment apps for such retail brands as Subway and Harris Teeter supermarkets. But its most notable retail client is the merchant consortium MCX, which is developing an in-store payment app (widely viewed as an alternative to Apple Pay) called CurrentC. Walmart, Best Buy and Sears Holdings Corp. are part of MCX.
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PayPal buying mobile payments start-up Paydiant
New York -- It takes a scorecard these days to keep up with the fast-moving mobile payments industry. On the heels of Samsung’s announcement that it would roll out Samsung Pay in the United States this summer, PayPal announced it is buying mobile wallet technology start-up Paydiant.

