PayPal Acquires Modest Mobile Payment Service

Since its break from eBay, PayPal has announced its first acquisition in mobile payment start-up Modest.

Modest users may make purchases using apps via buy buttons on merchant sites, much like Pinterest's Buyable Pins.

"For consumers it will mean seamless, simpler and safer ways to buy the things they want, anywhere they discover them," Bill Ready of PayPal said in a statement.

Harper Reed and Dylan Richard established Modest in 2012. Both Reed and Richard served on President Barack Obama's 2012 re-election campaign.
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    It looks like a nice deal for PayPal which will enlarge the variety of their products and probably will be useful for some of their clients although I'm not very interested in it. But many people using their Paypal accounts for shopping in internet so they will be pleased if that happens simpler and safer.
  • Jade lcb


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    I have a PayPal account and I also have the PayPal MasterCard. I use them all the time, especially to get my LCB purchases and then use them. It has been such an easy transaction. If it wasn't for PayPal I don't know how I would do it. H What I don't understand is what Harper Reed and Dylan Richard establishing Modest in 2012 or the two of them serving on President Barack Obama's 2012 re-election campaign has anything to do with anything. Huh......

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