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May 22, 2015

PayPal eyes services for mobile world

  • PayPal is spinning off from parent company eBay this year and facing new competitive challenges, like Alibaba, Amazon and even Facebook.
    • By BRANDON BAILEY
    AP Technology Writer

    SAN FRANCISCO — As PayPal prepares to split from its corporate parent, its new chief executive is promising to expand the popular online payment system, adding a variety of services for consumers to use when shopping on their phones or in traditional stores.

    PayPal will be spinning off from parent company eBay later this year at a time when it's facing new competitive challenges. Alibaba, Amazon and even Facebook are promoting online payment systems, while Apple Pay and Google Wallet are competing to handle transactions in stores and on mobile devices.


     
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