PayPal Buying TIO Networks


PayPal is buying TIO Networks for $233 million to reach underserved customers, the Wall Street Journal reported. “TIO caters to consumers outside the banking system who make regular payments with cash to telecommunications companies such as AT&T Inc., utilities such as Duke Energy Corp. and other service providers. The Vancouver-based company serves 14 million consumer accounts and 10,000 billers through a network of retail locations and kiosks across the U.S.”

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s