PayPal Holdings, Inc. (NASDAQ: PYPL) announced today that it has completed its acquisition of Honey Science Corporation for approximately $4 billion in cash.
Smaller, niche businesses started as a trend in many countries have slowly transformed to become strong pillars of growth for economies.
The acquisition will expand capabilities, distribution and relevance in the domestic payments market in Japan.
PayPal India’s total transaction value jumped 40% from a year earlier in the June quarter as small businesses sold goods and services to overseas consumers amid the second covid wave.
PayPal India, an online payments company, saw a 40 per cent jump in the value of export transactions processed through its platform for the goods and services.