Visa Acquires Digital Payments Processor PlaySpan

Register now

SAN FRANCISCO – Visa said yesterday it has agreed to acquire online payments company PlaySpan, Inc., for $190 million, continuing to expand its e-commerce and mobile payments businesses.

The deal is Visa’s second such acquisition in the past year, following its July purchase of the online payment processing company CyberSource.

Privately-held PlaySpan processes transactions for online games and virtual goods sold on social networking websites. It is based in Santa Clara, Calif., and is backed by several venture funds, including Easton Capital, Menlo Ventures, TimeWarner Investments, Vodafone Ventures and GE Asset Management.

 

For reprint and licensing requests for this article, click here.
MORE FROM AMERICAN BANKER