PayPal didn’t disclose how much it is paying for the Wellesley, Massachusetts, company, which has a platform that companies can use to build their own branded mobile payment and loyalty apps.
Several well-known companies use Paydiant’s technology, including Subway and Capital One. It has also been adopted by the Merchant Customer Exchange, a group of major retailers including Target, CVS and WalMart that is developing a mobile payment app called CurrentC to take on Apple Pay.
