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Time Is Right For PayPal To Go Alone

As online retailer eBay and payments company PayPal finally split their operations, the latter appears to be building a strategy to cope with the rise of rival mobile pay solutions such as Apple Pay. Having traded together since eBay bought PayPal in 2002, the move seems bold, considering the latter's ongoing successes. The volume of payments handled by PayPal rose 20% to $66bn, with 1.1 billion transactions processed, for the three months to 30 June. Its total revenue, meanwhile, increased by 16% to $2.3bn.

Read the whole story at Marketing Week »

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