PayPal Acquires

Digital wallet company PayPal has acquired, a San Francisco, CA-based provider of technology for developers to capture credit card information by using the camera on a smartphone.

The amount of the transaction was not disclosed.

According to a PayPal blog post (read here) written bt Hill Ferguson, Vice President of Global Product, the employees at, led by co-founders Mike Mettler (CEO) and Josh Bleecher Snyder (CTO), will be joining the PayPal global product team in San Jose, CA, and will help the company create new experiences “to make it even easier for consumers and merchants to use the PayPal digital wallet“.

The existing SDKs will remain available to developers for use in their own applications.



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