Paypal Expands Mobile Paytment Options.29 Jan

Leading online payments processor takes the wraps off of Mobile Express Checkout at its annual developer conference, along with a host of new partner announcements

October 27, 2010
By David Needle, Internet News

PayPal, the immensely profitable payments arm of eBay, is expanding its options for mobile commerce, announcing at its second annual developers conference a feature called Mobile Express Checkout. PayPal claims that its new offering will provide enhanced security and an easy, two-click process — two features the firm sees as critical to advancing its position in an estimated $700 million market.

In addition to the new mobile payment offering, PayPal announced a litany of new partnerships with Web companies including Facebook and merchant services-provider Verifone. ECommerce Guide takes a look.

SAN FRANCISCO — Online payments giant PayPal kicked off its second annual Innovate developer’s conference by unveiling new mobile, social media and digital goods payment options along with a slew of partner announcements from both small and big players including Facebook and Verifone.

Mobile Express Checkout, a new secure two-click checkout feature, extends PayPal’s mobile payments platform. PayPal said it expects more than $700 million in mobile payments to go through its payment infrastructure by the end of 2010 out of the $1 billion in payments it expects to process from all sources.

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