Thursday 7 July 2011

eBay buys carrier-billing startup Zong for mobile shopping

Online auction giant eBay has bought mobile payments specialist Zong, spending $240m on the startup despite already having PayPal onboard. According to eBay, the interest in Zong is down to its existing connections with mobile operators, which allows users to charge items directly to their monthly bill.


“Commerce is changing. With mobile phones, we walk around with a mall in our pockets” PayPal president Scott Thompson said of the deal. ”PayPal helps to make money work

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