According to the Wall Street Journal
Google Inc. this year plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may heighten competition with eBay Inc.’s PayPal unit, according to people familiar with the matter.
Exact details aren’t known yet — but this could be a great thing for ecommerce. Additional competition in the space will bring innovation that will help to drawn in the other half of the population that hasn’t bought and sold anything online yet.
via John Battelle and Oliver Thylmann.
Tino Buntic on June 20th, 2005 at 4:17 am
It seems Google can’t think of anything original to do anymore.
Delaware Business Blog on June 20th, 2005 at 2:57 pm
Google to offer an electronic-payment service
People use PayPal because it is convenient and easy.
Wasn’t it just a matter of time until Google made a move to get in on the action?
Looks like we could be in for some good old fashioned capitalist competition between Google and eBay. And why not…