PayPal Acquires Mobile Payment Company Fig Card

Posted May 3, 2011

eBay Inc. (NASDAQ:EBAY) subsidiary PayPal has acquired mobile payments company FigCard. The acquisition details were undisclosed. Fig Card allows merchant companies to accept payments in stores through mobile devices. Stores can accept the payments through a USB device that plugs into the register or the point-of-sale terminal.

FigCard founders Max Metral and Hasty Granbery will both join the PayPal Mobile team. Before starting Fig Card, Metral co-founded Firefly, a company that Microsoft acquired. Check out the video demo of Fig Card below: