With so many predicting the next wave of financial payment options going mobile, this story is hardly surprising. Paypal is not a typical bank but it's position in the merchant market is very unique. If banks were to position there capital investments around mobile merchant products and work to deliver new options, Paypal would have likely not even be player.
Interesting read: http://www.eweek.com/c/a/Mobile-and-Wireless/Google-Apple-Joust-for-Mobile-Payments-Via-Android-iPhone-507837/
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