Tag: paypal mobile payments

PayPal acquires mobile payments firm Paydiant

Paydiant acquisition will give PayPal access to new technology and an extensive list of customers that make use of this technology regularly

PayPal has announced that it will be acquiring Paydiant, a mobile payments firm. The acquisition will give PayPal immediate access to those that use the technology that has been developed by Paydiant. This includes Subway and the retail consortium Merchant Customer Exchange. The consortium is comprised of companies like Target, Wal-Mart, and Sears, and access to this group could further expand PayPal’s position in the mobile payments space.

Paydiant has established a commanding presence in the mobile commerce space because of its innovative technology

Paydiant specializes in mobile technology, and has developed framework that supports mobile payments made through applications, both online and in physical stores. This technology supports the use of codes that function as ways to initial a transaction. Adoption of Paydiant’s technology has been relatively slow, but many prominent companies use the technology to engage mobile consumers in ways that were never before possible. This has made Paydiant a strong force in the mobile payments field, which is becoming increasingly crowded and competitive.

PayPal will face strong competition from Apple, Google, and Samsung in the coming year

PayPal acquires mobile payments firmPayPal has established a strong presence in the mobile field, having supported mobile consumers and businesses for several years. Later this year, the company will branch off from its current owner, eBay, and become a standalone entity. The company will also be in direct competition with Apple and Google, both of whom are trying to establish dominance in the mobile payments market. Samsung will also be competition for this position, having recently announced its plans to make an initial breach into the mobile commerce market later this year.

Future projects with Paydiant could help PayPal find more success in the mobile payments space

Paydiant’s technology and extensive customer base may help PayPal compete with others in the mobile market. The two companies are expected to work together to develop new initiatives that are based on Paydiant technology and PayPal services. Details concerning future plans have, of course, not been disclosed at this time.

PayPal spins off to capitalize on mobile payments

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

paypal - mobile paymentsThere 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.