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PayPal to acquire mobile wallet provider Paydient

PayPal to acquire mobile wallet provider Paydient

EBay's PayPal payment unit is acquiring mobile wallet operator Paydient ahead of PayPal's spinoff as the mobile payment sector heats up. Paydient provides a mobile wallet platform for retailers and companies including Subway, Harris Teeter, Capital One and others. They also provide the mobile wallet platform for MCX, a mobile pay consortium whose members include many of the world's largest retailers, including Walmart, Target, Sears, CVS and many others. Competition in the mobile wallet sector is heating up with the launch of Apple Pay, Samsung offering Samsung Pay beginning this summer and Google teaming up with Verizon Wireless, AT&T and T-Mobile to have its Google...

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