PayPal and BraintreePaypal has announced that they have acquired Braintree, a mobile payment startup, for $800 million. It is their first real bit of progress in nailing down the mobile pay market, an area they have so far failed to break into.

With PayPal being one of the most common online financial branches and offered by businesses in many countries, they have been able to secure their slot as top direct-payment service. But having to reenter credit card or account info, and sign in on a separate screen through a smartphone, has made them unpopular with the mobile crowd.

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