|PayPal goes to China|
Friday, 26 March 2010 02:00
PayPal goes to China
PayPal is offering accounts to China UnionPay customers in a bid to expand in its market dominated by Chinese rival Alipay, states Business Week.
The partnership will give China UnionPay subscribers a national electronic-payment network and the ability to make Internet purchases from Web sites overseas.
PayPal says it will double its workforce in the Asia-Pacific region to 2 000 by the end of 2010. The eBay-owned company is trying to make inroads in China, the world`s biggest Internet market, as Google threatens to pull out.
Verizon unveils mobile payment system
Verizon Wireless is rolling out a mobile payment service enabling subscribers to charge up to $25 a month in online purchases to their Verizon accounts, reports Computer World.
The service will require text messaging-enabled phones, and that purchases be made from Verizon-approved online stores, which include game sites and social networks.
Verizon officials note the benefit of the system means customers don`t have to rely on credit cards.
AT&T drives paperless solutions
AT&T is offering to plant a tree for each of its residential home phone, AT&T U-verse TV, broadband or wireless customers that switch to paperless billing, says Business First.
The company has partnered with the Arbour Day Foundation to drive the initiative forward in the US.
According to the US Environmental Protection Agency, planting one million trees can absorb more than one million tons of carbon dioxide, provide oxygen for up to four million people and forest more than 1 400 acres of land.
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