PayPal Now Officially Owns Braintree

Author: Publish date: Section: Mobile Interaction count: 0

The payments deal is done.

PayPal Now Officially Owns Braintree

PayPal has completed its $800 million acquisition of Braintree, a payments provider known for its platform for mobile app developers and its Venmo service, which lets consumers send each other payments through an app.

Now that the deal is done, expect PayPal to aggressively court developers to integrate its payments service in their apps. It recently acquired Stackmob, which provides backend services to developers, to make its offerings more appealing.