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PayPal to Acquire TIO Networks, Citing Shared Interest in âDemocratizing Moneyâ

February 16, 2017

Leading payment facilitator PayPal announced on Tuesday that it plans to acquire TIO Networks. TIO is a Vancouver-based bill payment processor.

The companies cite their interest in providing services to the underserved as a key philosophical fit. And with this acquisition, PayPal gains an expanded offering for its consumer base.

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