The Channel logo

News

By | John Oates 20th June 2005 14:38

Google aims for PayPal

Allegedly...

Google will launch electronic payment services later this year going head-to-head with PayPal which, thanks partly to help from eBay, is currently leading the field.

Google's Wallet service has no official confirmation but has been blamed for a two per cent fall in eBay's share price this morning - eBay owns PayPal. A spokeswoman at Google UK was unable to comment at press time.

The New York Times spoke to a leading online merchant, who insisted on anonymity, who told the paper he'd been appraoched by Google about the new service.

The paper also quoted Scot Wingo, chief exec of ChannelAdvisor, a consultancy for etailers, who said he had heard about the service from clients. A spokeswoman for PayPal told the NYT that she'd heard the rumours too but had no other comment.®

Related stories

Google finds web-only video clips
Google Books under fire
Microsoft vs Google heats up

alert Send corrections

Opinion

Dale Vile

Or more to the point, what people do with it
Photo of HP Enterprise office
Apple Mac Mini late 2014

Features

Collapsed house
‘AWS is to the era of cloud what Microsoft is to client/server’
Venomous snake
Potential deleterious effects more like a snakebite* than a snake bite
Windows Server
Hacked US CENTCOM Twitter account