Payments News

PayPal completes $400M Hyperwallet acquisition, buys stake in Arkose Labs

Nov 16, 2018

PayPal Holdings Inc. has completed its $400 million acquisition of Hyperwallet, a move that the company expects will enhance its suite of payment options on e-commerce platforms in markets around the world, according to a company press release. 

Hyperwallet CEO Brett Warrington will join PayPal and continue to lead Hyperwallet, reporting to Juan Benitez, vice president and general manager of Braintree, which is the unit that provides merchant payment platforms.

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