Tag: google

eBay has announced that PayPal will be its own, separate company from now on

PayPal is finally being spun off as an independent company. As mobile commerce continues to grow at a rapid pace, eBay has decided to separate itself from PayPal, allowing the company to march into the future on its own. PayPal has seen tremendous growth with the help of eBay, but the company may now be prepared to take its future in its own hands. There are also rumors concerning eBay’s future, which may end up intertwined with Chinese e-commerce giant Alibaba.

PayPal continues to see strong growth in the mobile sector

PayPal has seen strong growth this year already. The company’s payment volume grew by 29% over what it had been in June of 2013, reaching $55 billion in transactions processed. The company has established a strong foothold in the mobile commerce space, well ahead of other companies that were looking to do the same a few years ago. While PayPal has become one of the most popular names in the mobile payments field, the company is expected to see strong competition come from Apple, Google, and even Facebook. This time, however, it will not have the support of eBay.

Alibaba may seek to purchase eBay or PayPal

There are rumors that Alibaba, one of the largest e-commerce organizations in the world, will purchase eBay, or perhaps PayPal, within the near future. These rumors have little evidence to support their substance, but Alibaba has been known to purchase companies that have been competing with it in the digital commerce space. Whether or not eBay would agree to be acquired by Alibaba is little more than a matter of speculation currently.

Mobile payments market expected to reach $721 billion by 2017

The mobile payments market is expected to see significant growth over the next few years. A recent report from Gartner suggests that the market will reach $721 billion in valuation by the end of 2017. PayPal has a lot to gain from this growth, but the company will have to prove that it can be competitive with new mobile commerce services entering the global market.

Google’s new mobile devices will cost just over $100.

At the beginning of the week, Google unveiled the first smartphone from its “Android One” initiative in India, a plan which is intended to increase sales in prime emerging markets by introducing mobile devices that have quality software and are low in cost.

Google is aiming to provide mobile users in developing economies with online access in an affordable and reliable way.

After launching its phones in India, by the end of the year, the company intends to expand Android One to the Philippines, Indonesia, and other countries in South Asia and will expand to even more countries in 2015.

Google has teamed up with Acer Inc., Panasonic Corp. and HTC Corp. to develop more devices under its new platform. The company is aiming to better the software and hardware quality with Android One, to give handset manufacturers a framework.

At the India launch event in New Delhi, Google’s senior vice president who oversees Android and Chrome units, Sundar Pichai, told reporters that “When (handset companies) look to make a phone, they will get a menu. They can put together a device in a much quicker fashion, knowing we’ve already tested the software.” Pichai also said that “The pace at which users are adopting the Internet is unprecedented.” He added that “Almost all of this growth that is happening in India and the world is due to mobile [phones].”

Android One will give Google greater control over its operating system in emerging markets.

At present, India and other emerging markets have many cheap smartphones, which run diverse and, to some extent, customized versions of the Android OS. The trouble is that all of these different Android variations make the mobile devices subject to glitches and it makes it difficult for Google to have any control over its platform. With Android One, however, all of the software upgrades would come right from Google, which gains it more control over the operating system, providing users with service that is consistent.

In India, there are a minimum of 80 smartphone brands. Analysts say that if Google wants to compete it is going to have to do more than release a low-cost device. One of the ways Google intends to stand out from the competition is it is working on customizing web content, so it is better suited to a wider range of Indian consumers. Android One smartphones support seven Indian languages. In addition, Google is working on giving users the ability to watch YouTube videos without the internet, as accessing the web can be unreliable and expensive in the country.