eBay Inc will buy payment gateway Braintree for about US$800mil (RM2.58bil) to strengthen its PayPal unit's presence on mobile devices and take out a rapidly growing rival.
PayPal, the dominant online provider of payment services, has been trying to fend off a clutch of fast-rising competitors such as Braintree, Intuit Inc's GoPayment and Twitter founder Jack Dorsey's Square Inc.
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