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EBay Buys Zong As Mobile Payments Gain Traction

Friday, July 8, 2011 | More »

EBay Inc said on Thursday it agreed to buy cellphone payments provider Zong for about $240 million in cash to help its PayPal unit push further into mobile commerce. EBay does not expect the deal to affect its financial outlook. It should close in the third quarter of 2011. Zong is eBay’s seve...

Facebook To Launch Virtual Currency ‘Credits’ On July 1

Facebook has announced that it will introduce Facebook Credits, a new payment mechanism on the network for developers, from July. Facebook Credits will be in the form of virtual currency, and will be rolled out in 13 countries in Asia and Latin America, including India soon. With credits, users purc...

20 June, 2011 | More »