PayPal invests in South Korean P2P payments app Toss

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Finextra:

PayPal has joined a $48 million Series C funding round for Viva Republic, the South Korean firm behind a Venmo-like money transfer app. The round was led by VC Goodwater Capital and joined by Bessemer Venture Partners, Altos Ventures and Partech Ventures, according to TechCrunch. 
Viva Republic's Toss app lets Koreans send up to $500 from their phones in three steps: entering the recipient, the amount being transferred and a password.

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