PayPal has purchased StackMob, which provides a development platform for mobile payments.

"While projects underway at PayPal have already accelerated our ability to deliver great products to our customers, we believe that with the addition of the talented team from StackMob, we’ll move even faster in creating, testing and deploying products that aim to transform payments for customers around the world," PayPal CTO James Barrese says in a Dec. 17 blog post.

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