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Saturday, March 17, 2012

PayPal launch mobile payment dongle

PayPal Asia-Pacific chief Rupert Keeley said on Friday the US company plans to expand in the region over the next 12 to 18 months, after it launched the region's first payments service for smartphones.

PayPal has begun letting merchants worldwide take payments using smartphones through the usage of a triangle-shaped "dongle" card reader that plugs into mobile devices to let people make purchases.

Australia and Hong Kong were the first countries in the region to have the new mobile system but it would soon also be available in other markets including mainland China, where the licensing process was under way.

The online financial transactions company's region headquarters is in Singapore but it serves many of its customers in the vast region remotely through a network of six sales offices, he said.

The company currently has six sales offices in the region, covering Tokyo, Shanghai, Hong Kong, Taipei, Singapore and Sydney. It has development centres in India and Singapore and customer support centres in China and Malaysia.

ORIGINAL SOURCE
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