Braintree, a payment processing company that serves Rovio, Uber, Fab.com and Airbnb, is paying $26.2 million to buy mobile payment startup Venmo. The deal will allow Braintree to expand on mobile payments, the fastest growing part of its business. Read more »
Venmo first popped up two years as an emerging mobile payment start-up, helping users pay each other through text messages. Now, after two years of testing and tinkering, the once private beta service is open to the public though it faces a lot more competition now. Read more »
Set to be worth $633.4 billion by 2014, mobile payments are finally finding their stride — but it’s not just one stride. Here’s your guide to the most promising emerging options in the space — carrier billing, mobile wallets, point of sale, mobile banking, in-app purchases ... Read more at GigaOM Pro »
