PayPal opening doors to outside developers

Oct 21, 2009
PayPal (which is owned by California-based online auction titan eBay) plans to throw open the doors of its software platform to enable outside developers to build innovative tools using the online financial transaction service.

PayPal plans to throw open the doors of its software platform to enable outside developers to build innovative tools using the online financial transaction service.

"In just two weeks, will be the first global online payment service to open its platform to everyone," PayPal president Scott Thompson said Tuesday at a Web 2.0 Summit in San Francisco.

"We hope and expect to unleash the power of digital money regardless of the currency and regardless of the platform in any country in the world."

The move should clear the way for new ways to make PayPal online transactions in televisions, touch-screen advertising, computers, mobile devices, and even "smart" appliances.

PayPal, owned by California-based titan eBay, is already working with electronics makers, software firms, and to make creative online transaction ideas reality, according to Thompson.

PayPal is following a hot Web 2.0 trend started by , which became a star after opening its software platform to allow outside developers to make fun, hip, or functional mini-applications for the social networking website.

"Innovation has moved from the hands of the few to the many," Thompson said. "The Internet is letting everyone in on the game."

(c) 2009 AFP

Explore further: G20 talk fest echoed on Twitter

add to favorites email to friend print save as pdf

Related Stories

EBay's PayPal envisions doubling in size by 2011

Mar 11, 2009

(AP) -- EBay Inc.'s name may conjure images of online auctions, but the company is hoping to turn attention to its second-largest business - PayPal - which it expects to blossom significantly in the next few years.

Wireless World: Free cell phones for all?

Apr 07, 2006

Broadcast television has always been free for consumers -- courtesy of advertising sponsors, ranging from the makers of Alka-Seltzer to the purveyors of Viagra and Propecia. Now that mobile phones are as integral ...

Online shoppers leaving purchases behind

Jun 23, 2009

People shopping online are likely to bail out on planned purchases before making the final click to submit their orders, often because they are surprised by high shipping costs and other fees, according to a new survey out ...

EBay admits more work ahead for marketplaces unit

Mar 12, 2009

(AP) -- EBay Inc. has been struggling to improve its online marketplace, and the company acknowledged Wednesday that it still has a long way to go. But eBay also highlighted the strength of its PayPal unit, predicting its ...

Facebook opens core to outside developers

Apr 27, 2009

Facebook on Monday cleared the way for outside developers to craft software applications that do clever, creative or useful things with data streamed as updates at the social-networking service.

Recommended for you

G20 talk fest echoed on Twitter

8 minutes ago

Brisbane's G20 Leaders' Summit proved a Twitter talk fest, attracting 1.02 million tweets since October 23.

YouTube goes online for second Music Awards

Nov 20, 2014

The YouTube Music Awards are undergoing an overhaul for their second edition next year, scrapping a star-studded gala and instead looking at videos' online buzz.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.