eBay gives PayPal mobile a boost through purchase of Zong

Ebay m-commerce News

eBay has purchased Zong, the mobile payment provider, to give PayPal’s mobile commerce position a significant boost.  Zong’s purchase price was $240 million, and eBay intends to use it to connect to Zong’s tremendous 250 wireless carriers and 3.2 billion users.  Consumers are already using Zong in order to make purchases simply by using their mobile telephone numbers.  This allows the mobile payment service to verify the transaction so that it can add the charge to the mobile service bill of the shopper.  Zong is already well recognized by gamers…

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