Visa Acquires Playspan

Pushing into the virtual goods space, payments giant Visa has acquired Playspan, which powers e-commerce for hundreds of online games and virtual worlds, for $190 million. The move will give Visa a bigger piece of the digital goods market, which will grow from $1.6 billion in 2010 to $2.1 billion in 2011, according to the Inside Virtual Goods report. Playspan's platform enables developers to offer in-app purchasing on Facebook and other sites using 85 global payment methods in 180 countries. Read more here.
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