Google is preparing to introduce an electronic payment system later this year. This would mean a tough competition to PayPal, the present industry leader.
The Wall Street Journal reported Google’s plans on its Web site last Friday, citing sources familiar with the Mountain View-based company’s plans. The Journal did not provide any details about Google’s strategy.
More information could be found at Wall Street Journol
Google Inc. CEO Eric Schmidt on Tuesday denied recent media and analyst reports that the online search engine leader is gearing up to compete directly with eBay Inc.’s pioneering PayPal service, although he acknowledged some kind of electronic payment product is in the works.
For more information see:
Update at Forbes”
Comment by Diary — June 22, 2005 @ 9:48 am