Hyperwallet — the company founded in 2000 which offers electronic payments for representatives of retail business. The Hyperwallet platform represents open for check and safe methods of management of payments. The software of the company integrates a separate financial infrastructure on complete Wednesday which considers specific features of the customer.
History
2018: PayPal buys Hyperwallet for $400 million
On June 19, 2018 PayPal announced acquisition of the Hyperwallet platform for $400 million. It is expected that the transaction will be closed in the fourth quarter 2018.
In the conditions of modern business dealers and service providers who use payment platforms wish to have quick, effective, flexible and secure access to the income at any time and from any place. Purchase of Hyperwallet company will allow PayPal to offer more services for marketplaces. As customer bases of PayPal and Hyperwallet are practically not crossed, it will provide to a payment service the wide platform for development.
The Hyperwallet platform is available in more than 200 countries. Right after completion of the transaction clients of PayPal and Braintree will get access to the localized multiple currency payment systems of these regions. The payment method suitable for them, whether it be the bank account, the debit card, the check or PayPal will be able to select Tokupateli. Hyperwallet also offers such functions as instruments of financial management and tracking of payments. Besides, the company guarantees that transactions correspond to the rules existing in the territory of the specific country.
PayPal announced purchase of Hyperwallet of all in a month after told about the plans to purchase the Swedish firm iZettle for $2.2 billion iZettle creates modern payment systems for shops, for example, compact terminals for bank cards. PayPal hopes that both purchases will allow the company to be unrolled in the markets of Germany, Finland, Spain and France.[1]
Notes
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