eBay recently completed its takeover of Zong, a mobile payments provider. [1] The takeover should further bolster eBay’s online payments division PayPal, which showed its first billion-dollar quarter in Q2 2011 growing around 30% over Q1 2011. [2] The PayPal service competes with Google Checkout and credit card companies like American Express, Visa and MasterCard. We believe the Zong acquisition …
More: continued here
