SAN JOSE, Calif.—PayPal has acquired Hyperwallet, a digital platform that allows businesses to make mass payments—typically more than 1,000 at a time—to multiple recipients on different countries in different currencies.
“Hyperwallet has a solid customer base but a $400 million price suggests PayPal is also buying a team and a platform too,” stated FXCintel. '
"Combining Hyperwallet’s advanced payout capabilities with PayPal’s scale will bring increased value to both Hyperwallet’s and PayPal’s customers," stated Hyperwallet CEO Brent Warrington.