Payments Giant Visa Acquire Fintech Firm Plaid for $5.3 billion

Payments behemoth Visa acquired financial technology firm Plaid for $5.3 billion, according to a press release published on Jan. 13.
 
Per the release, Plaid has developed a network that allows users to easily connect their financial accounts to the apps they use to manage their financial lives.
 
The firm’s products reportedly allow for convenient sharing of financial information with thousands of apps and services by allowing users to link various accounts.
 
 
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