QR Code Press

eBay gives PayPal mobile a boost through purchase of Zong

07/11/201107/11/2011 L. Green

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…

PayPal expects to see mobile payments rise to $3 billion by the end of the year

07/01/201107/07/2011 L. Green

E-commerce giant PayPal has taken offense to Google’s mobile wallet initiative, claiming that the idea infringes upon a concept that PayPal had already been developing. PayPal has long been the dominate force on the Internet when it comes to e-commerce. Now, however, its position is being threatened by a wave of companies seeking to make use of NFC technology to stake their claim in the emerging marketing of mobile commerce. Many of these newcomers are already established in the world of technology, such as Google, and mobility, such as Verizon.…