Google plans to take on Paypal
June 20th, 2005 by gaurav | No Comments | Filed inGoogle plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may heighten competition with eBay’s PayPal unit.
It will be interesting to see how they merge online payment service with their current services specially Adwords & Adsense.
Codenamed Google Wallet, a payment service could represent a significant expansion beyond online advertising, which generated 99% of its $3.2 billion in revenue last year. Google’s move could potentially threaten eBay’s successful PayPal service, which generated $233.1 million, or 23% of eBay’s revenue in the first quarter.
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Read more >> from The Wall Street Journal
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