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Ebay Acquires Braintree and Plants the Flag on Mobile Payments

 (Image source: e-commercefacts)

eBay Inc (NASDAQ:EBAY), which controls PayPal will acquire the mobile payment platform, Braintree for $800 million in cash.  The deal is expected to be finalized in the fourth quarter. Braintree will operate as a standalone business within the PayPal umbrella. What does Braintree mean for PayPal?

  •  Greater mobile presents to compete with Square.
  •   More revenues from Smartphone and tablet users.
  •   Expanded clientele beyond Ebay.

Braintree processes over $10 billion transactions annually. Mobile payments are the future!