While Mobile ExpressCheckout may seem like a big hit to credit cards, for which simplicity and ease-of-use are big appeals, the platform is not necessarily a competitor.
The unveiling of Mobile ExpressCheckout is a big step toward making mobile payment a reality, and PayPal is well positioned to transform smartphones into the wallets of the future.
Today, at its second annual developer conference, PayPal announced the release of Mobile ExpressCheckout, a platform that will allow customers to pay for retail products in stores using only their mobile phones.