Technology Visa buys the fintech plaid for $ 5.3 billion

Visa buys the fintech plaid for $ 5.3 billion

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Visa

The credit card company plans to use the acquisition to open up new ways of processing payments.

(Photo: AP)

San Francisco The credit card giant Visa is taking over the financial technology start-up Plaid for $ 5.3 billion. The companies announced a corresponding agreement on Monday after the US exchange closed. Plaid offers software for linking digital payment apps such as PayPal's Venmo or Transferwise with bank accounts. The company was founded in 2013 and is based in the California metropolis of San Francisco.

. (tagsToTranslate) Visa (t) Payment transactions (t) Plaid (t) Credit cards (t) Venmo (t) Transferwise (t) Payment processing (t) Mergers & Acquisitions M & A (t) Credit card (t) Electronic payment transactions (t) ID (t) PayPal (t) Fintech (t) Bank-related institutions (t) Credit card companies

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