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The Latest News, Industry Insights and Research Findings on Global Payment Markets

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29Mar/12

PayPal Goes Mobile: Zong Founder and VP Mobile David Marcus is PayPal’s New President

By Martin Schuppelius
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Payment Observer spotlight company. See more details here about one of the up and coming service providers in the financial services for small business.

left the company in January) as President of PayPal.

As VP of Mobile for PayPal, Marcus has been working on PayPal Here, a mobile payment service for small business. The move shows how important mobile payments have become for PayPal and points the direction the company is heading. John Donahoe commented: “He will bring start-up energy to PayPal’s unmatched global reach and digital payments capabilities. And he will sharpen PayPal’s focus on accelerating product innovation, driving consumer engagement and making paying anytime, anywhere through your digital wallet a safe, easy and convenient experience.”

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20Dec/11

Cashlog Starts Mobile Payment Service in Germany

By Martin Schuppelius
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Payment Observer industry spotlight includes small business solutions providers. Learn more on their website.

Cashlog, a mobile payment provider already present in Spain and Italy, has extended its services to Germany. The company is a subsidiary of Buongiorno, a Italian-based content (games, ringtones, wallpapers, etc.) provider for mobile phones.

With Cashlog prepaid and postpaid users can purchase digital goods and services such as virtual goods and currencies in games, eBooks, tickets and coupons up to €30 with their mobile phone. Since the payment service is based on a SMS-TAN procedure, no smartphone or registration is required. According to Cashlog, no personal data is stored. Payments via mobile phones enable consumers to purchase digital goods online without disclosing banking and credit card information.

It remains to be seen how well Cashlog can compete against established providers that offer payment via mobile phones in Germany such as Zong.

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