PayPal Aims to Revolutionize Payments

Susan Hall

Though many businesses are migrating from bricks and mortar to the Web, PayPal wants to do the opposite. It wants to be the way people buy everything from movie tickets to drinks after work, reports Financial Times.

 

I mentioned in my story on mobile payments that PayPal is working on a mobile application. The Financial Times story says its plans include touch-screen interfaces, biometric technologies and mobile "wallets" using your cell phone.

 

Parent company eBay is banking on it. PayPal and its other payment service, Bill Me Later, have been buoying the struggling auction house as its e-commerce business declines, according to The New York Times.



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