PayPal hypes its mobile strengths ahead of IPO
As PayPal prepares for its upcoming IPO as an independent eBay spinoff, it wants to make at least one thing clear: It’s got mobile covered.Over the past couple years, the payments company has re-engineered its back-end technology to become a strongerplatform for merchants, letting them incorporate a wider range of features into their payments services and improve the checkout process for customers. Many of the changes have been aimed squarely at improving the payment process on mobile devices.Roughly one-third of transactions processed by PayPal now come from mobile devices, PayPal President and incoming CEO Dan Schulman said Thursday during an event in San Francisco. In 2010, mobile was responsible for only about 1 percent of the company’s transactions.To read this article in full or to leave a comment, please click here