Acquisition of mobile payments provider expected to bolster PayPal's platform and reach.
As part of its "Zong Plus" offering, the mobile payments company will let members use regular credit cards, and offers a loyalty program with which to do so.
Still in a close rivalry with competitor Boku, Zong has partnered with two subscription services so that members can bill their payments to their cell phone bills.
The payments company is streamlining operations as it takes on newcomers in the hot market for online and other payments, according to news agency sources.
Reuters reports that Google is leaning on developers to use its payment processing service rather than rival offerings, though the company says that its policy has not changed.
Competing for market share with rival Zong and a few others, the start-up says new partnerships give it access to 200 million new user accounts. (But do they all pay?)
American Express continues its push into the emerging space of mobile purchasing, making a $19 million investment in mobile-payments provider Payfone.
eBay is showing off its new X.commerce open platform, intended to enable merchants to get on board with mobile payments rather than compete with them.
Two rival companies, Boku and Zong, want to replace your credit card number with your cell phone number. Here's how it might pan out.
The new service means wireless carriers can sell customers a way to seamlessly make transactions at any credit card terminal with their phones, and no hardware has to be changed.