Los Angeles – PayPal, the online payments unit of eBay (NASD: EBAY), has
introduced a new service that lets users pay for goods on their smartphones
with one click, TechCrunch reported. The Mobile Express Checkout service will
initially be support iPhone and Android 2.0+ devices, and retailers including
Nike and Buy.com. PayPal noted in April that its iPhone application had
surpassed a million downloads, and said its expects more than half a billion
dollars in mobile payment volume in 2010.
(PayPal Mobile Express Checkout)