PayPal announces acquisition of mobile-wallet maker, while Google unveils another mobile-payments service, in the growing fight for a piece of the smartphone payments market.
Mobile World Congress 2015
The Consumer Financial Protection Bureau claims PayPal signed up consumers to its credit service, PayPal Credit, without their permission.
Jack Ma, co-founder of the Chinese e-commerce giant, is "very interested" in a deal between his Alipay and the new Apple Pay service. He's also bothered that in Chinese movies, the hero always dies.
The mobile payments space got competitive quickly and Samsung and Paypal are teaming up to take on Apple.
The payment company, which has been spun off by eBay, will trade on the Nasdaq under the same ticker symbol it used more than a decade ago.
The e-commerce pioneer's overall results hid the differing paths of eBay's two main businesses, with PayPal growing and eBay.com floundering.
The world's largest retailer has been slow to grow in China, but Alipay could help it draw in more customers.
The e-retail giant plans to become the middleman between customers and companies that offer subscription-based payments, according to Reuters.
The carrier-backed mobile payments initiative announces closure after Google acquired its technology.
PayPal is set to change the way Australians make credit card payments, with a new system that does away with bulky terminals.