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

Follow us on Facebook

toggle

Most Popular

Advertisement

Recent Reviews

Samsung Galaxy S6 Edge

The Samsung Galaxy S6 range is a critical component in Samsung's flagging smartphone strategy. With sales of its high-end smartphones ...

Notti smart lamp from Witti

Perhaps you've already seen our review of the Dotti LED display from Witti Design. Meet Notti, Dotti's "sibling". Notti is a softball ...

Seagate Personal Cloud (2-Bay)

When it comes to backing up files, many users are now looking to the myriad of cloud storage solutions available. There is no doubt th ...

Advertisement

toggle

Most Commented

 
toggle

Popular News