Printed from http://www.electronista.com

eBay buys mobile payment specialist Zong for $240 million

updated 11:45 am EDT, Thu July 7, 2011

eBay buy of Zong expected to end by end of summer

Auction website eBay on Thursday revealed it bought mobile payment provider Zong for $240 million. It did so to reach four billion cell phone users as it already has PayPal for browser-based auction payments. Zong allows users to pay for their eBay purchases through their monthly cell phone bill.

And eBay already offers mobile payments with apps for iOS- and Android-based devices, though this requires users to register their account number, credit or debit card with PayPal. With Zong, users from 250 carriers around the world will also have the option of putting in their cellphone number into a site.

eBay expects the deal to be finalized by the end of the summer with Zong likely being integrated into eBay soon thereafter. [via MobileEntertainment]



By Electronista Staff
Post tools:

TAGS :

toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

IDrive cloud backup and sync service

There are a lot of cloud services out there, and nearly all of them can be used for backing up key files and folders. A few dedicated ...

Asus Chromebook C300

When Chromebooks hit the market back in 2011, consumers didn't know what to do with them. The low-cost laptops, powered by Google's Ch ...

Plantronics BackBeat Pro Bluetooth headphones

Looking for a pair of headphones that can do everything a user requires is a task that can take some study. Trying to decide on in-ear ...

Sponsor

toggle

Most Commented

 
toggle

Popular News