Paypal extends its reach significantly beyond eBay into general ecommerce
This is huge and should send shivers down the backs of all bankers. Yahoo are destined to control the access to many ecommerce sites, including their own. The potential impact is very strong control over the payment system, and increased disintermediation of banks.
Yahoo, eBay team up on e-commerce – Internet – News – ZDNet Asia
Yahoo will make eBay’s PayPal service the exclusive third-party provider of its online wallet, allowing customers to pay for Yahoo services from bank accounts, credit cards or balances associated with their PayPal accounts.PayPal will also be integrated into product offerings for Yahoo merchants and publishers, including the Yahoo Publisher Network, Yahoo Search Marketing and Yahoo Merchant Solutions.
[...] Relevance to Bankwatch:Banks’ both individually, and collectively need to wise up to the changes in the payments space driven by Paypal, now Google, and expect more to come. Yahoo will not sit quietly. [...]
Bankwatch » Blog Archive » Gbuy: “The precision of this targeting could be revolutionary”
June 13, 2006 at 00:09