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StrategyLabs recommends: Fitbit is getting into mobile payments

(Reuters) – Fitbit Inc said it bought wearable payment technology assets from Silicon Valley-based startup Coin, as it looks to develop mobile payment technology for its wearable fitness devices.

The terms of the deal, which was completed on May 12, were not disclosed.

By Narottam Medhora in Bengaluru; Editing by Sayantani Ghosh (Business Insider)


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