PayPal is looking to expand its mobile payment platform with acquisition of card.io.
PayPal said the deal would allow it to offer users and merchants additional options for processing transactions on mobile devices.
Based out of San Francisco, card.io develops software which allows users to submit payment information by taking and uploading images of their cards via smartphone.
"The employees at card.io will be joining the PayPal global product team in San Jose to help us create new experiences to make it even easier for consumers and merchants to use the PayPal digital wallet," PayPal vice president of global product Hill Ferguson said.
"The current card.io technology will remain available to developers for use in their own applications."
PayPal has in recent months been looking to extend its payment platforms, particularly for small businesses and independent retailers. In April, the company introduced the Here service as part of its Payments platform.
Ferguson said that PayPal would seek to advance the card.io platform by offering development resources beyond those the company would normally encounter had it remained a start-up.
"While working with them, we were simply blown away by the creativity and drive of their employees," he said.
"They are a passionate and independent team that likes solving large, complex problems and we wanted them to join our team."
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