Paypal ups ante in carrier billing space
PayPal owner eBay has added to its arsenal in the mobile payments space with the $240m acquisition of Zong, a transaction firm with strong ties to Facebook and expertise in carrier billing.
PayPal has launched a mobile payment solution allowing small businesses to process a wide variety of types of transaction. The solution, called PayPal Here, allows businesses to accept payments by swiping cards with a fully encrypted thumb-sized card reader, use a phone camera to scan and process cards and cheques and also allows businesses to invoice directly from the PayPal mobile app.
Japanese operator eAccess has announced that it has begun trialling a 4G LTE service in preparation for a launch in the country in March 2012. Meanwhile Telefonica’s UK arm, O2 has also launched a 4G trial in London. The operator will be using the trial to shape its plans for a commercial 4G rollout, following Ofcom’s 4G spectrum auction, which is expected to take place sometime in 2012.
PayPal owner eBay has added to its arsenal in the mobile payments space with the $240m acquisition of Zong, a transaction firm with strong ties to Facebook and expertise in carrier billing.
Research released by eBay’s UK operation this week claims that m-commerce could deliver a £4.5bn boost to Britain’s economy by 2016 and a further £13bn by 2021, if nurtured correctly. The research gives the auction house yet more reason to go after Google for allegedly upsetting its mobile activities last week.
When Google’s chief counsel, Kent Walker, explained recently that the firm wants to use Nortel’s patent portfolio to deter litigious attacks from other players, he was acknowledging the downside of the firm’s rise to power. Its competitors, threatened like cornered animals, are likely to embrace attack as the best form of defence. But for all his grim realism, even Walker must have been surprised by the sheer velocity with which PayPal launched a legal assault on Google over the launch of its mobile payment strategy this week.
Online auction house eBay has agreed to acquire m-commerce and mobile advertising firm Where for an undisclosed sum. Based in Boston, US, Where runs a location-based mobile ad network, which should give eBay greater presence on a local level.
Internet telephony player Skype has filed for an initial public offering of $100m worth of shares, demonstrating confidence in its business plan despite not having made a profit for the last four years.
Online auction house eBay has announced a settlement with Skype’s founders and former owners, saving the VoIP provider from potential shutdown due to a licensing issue over key technology.
Online auction house eBay must have been pleased as punch on Tuesday after agreeing to offload the majority of its ill fitting internet telephony outfit Skype for close to $2bn.
Internet auction house eBay made a worrying admission late last week – not only did it pay almost $1bn too much for online telephony darling Skype, it also failed to secure rights to the VoIP firm’s underlying technology.