Thursday, March 23, 2006 - PayPal Tests Cellphone Service

"PayPal, the online payment-processing unit of eBay Inc., is testing a service in which consumers can use mobile phones to make purchases or send and receive payments to other people.
Consumers must register with PayPal to be able to send payments through their cellular phones. The new service would let mobile phone users send or receive payments to other people or make purchases directly if the retailer provides a short-text code for that purpose.
The San Jose, Calif., company is testing the capability internally among employees, confirmed a PayPal spokeswoman. It expects to make further announcements about public availability and other details in a few weeks, the spokeswoman said.
PayPal, which boasts more than 100 million accounts, has been looking for ways to expand its business beyond eBay. PayPal generates about 70% of its revenue from users of the eBay auction site.
The new development was reported on weblog MobileCrunch, which is devoted to mobile computing news. "

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