Paypal, a company owned by EBay, said that they would start allowing customers to pay for their purchases uses their cell phones. Companies with certain technologies in place could transfer their bill of sale to Paypal and then have it paid through a mobile device. The service could be available as early as next year. The example given in the article said this: "A person could visit the Web site for a pizza parlor or concert-ticket vendor using the Web browser on a cell phone or other mobile device like a BlackBerry, for instance, and make a payment using PayPal, the newspaper said." Also, people will be able to transfer money via text message in the near future.
This has benefits for Paypal and the companies who support this technology. Where available, it would allow the businesses to have up-to-date ways for their customers to pay for their products and services and also have an added convenience. Paypal would also obviously benefit through increased usage of their website and services. This is just one of the many new ways Web 2.0 is penetrating our everyday lives. This and other new technologies are making out lives easier and allowing businesses like Paypal who take advantage of Web 2.0 to reach a new level of advertising and e-marketing.
Article Website: http://news.monstersandcritics.com/business/news/article_1282151.php/Report_PayPal_to_start_mobile_pay_service
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