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

Adesso Xtream S3B Bluetooth speaker

Finding a speaker purpose-built for a specific need is challenging. Even when a Bluetooth speaker can be paired with a mobile device, ...

JBL Synchros E40BT headphones

For all the different configurations of headphones on the market, it's always a tough choice for buyers to get something that is just ...

Razer Taipan mouse

The list of gaming devices is growing larger with each passing day. A large number of companies have entered the gaming input arena, a ...

Sponsor

toggle

Most Commented

 
toggle

Popular News