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Payments - Feb 21, 2017

Through this acquisition, PayPal gains access to TIO's network of customers, who pay utility and cable bills at kiosks. While greater details of their integration plans are unconfirmed, it is well known that PayPal has been working towards the ability to seamlessly bring cash transactions to PayPal digital accounts. With the help of TIO's customer based, in addition to its current capabilities (i.e., PayPal Cash), it seems PayPal can be at the forefront of financial inclusion.