According to "The Wall Street Journal" Web site reported, eBay.com online payment service PayPal launched a new technology Tuesday, which facilitate third-party software developers integrate PayPal payment system into their own application software.
Although eBay.com is taking the much-needed change to the core online marketplace’s operations, but also hope that PayPal will become an important impetus of company developing. At the same time, PayPal faced increasingly fierce competition from a number of major Internet companies; the same day action launched is based on this background.
John Donahoe, CEO of EBay.com, said the new system will promote the emergence of a new wave of innovation in the online payments industry, which aimed at "before someone else beat us to take the initiative first."
The new launched system is called PayPal X, which allows users to use other software such as games at the same time use the PayPal shopping. Currently, the users must open a new window or leave the game before using the PayPal shopping.
Over the past one year, including Amazon.com, Facebook.com and Google.com are strengthening or planning to launch its own online payment system. At The beginning of this year, eBay.com has expressed the wish that PayPal will become an important growth engine in the next few years. PayPal, the company expects 2011 revenue could increase to 40-50 billion U.S. dollars.
As the peer of eBay.com, epathchina.com expresses its great interest to the new system, as epathchina.com also a member of PayPal. While processing a number of businesses, epathchina.com online payment needs to get help from PayPal. Having good wishes to eBay.com good development, simultaneously, epathchina.com hopes that the new system will help its business a lot.
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