today in frankfurt that there s a big takeover the tech can you tell us. yes investors here are pretty excited about a new acquisition in the tech park in the tech market pay paul the website or after the famous with about that now you can use for every kind of online payment has bought i that phillis we dish mobile payment company that sells credit and also debit card readers that then can be plugged into your smartphone or into your tablet and we are learning that paper will be paying two point two billion u.s. dollars for this take off well why do investors care about this well the move boost paypal s in-store presence at a time when competition in the online payment sector is increasing paper ones also to increase their presence even more here in europe especially europe is very much behind when it comes to digital payments countries in asia like china are way ahead