Web and mobile payments biggest business by 2011, eBay says

October 21st, 2009

According to a recent Bloomberg article by Joseph Galante, “EBay expects PayPal to eventually become its biggest business, with revenue reaching $5 billion by 2011.” That’s a good sign for web and mobile payments.

Recognizing how mobile payments will growth beyond the U.S., Obopay last month appointed Dilip Nagaraja as its Executive Vice-President of Global Engineering.

Quoted in the Business Standard, Obopay CEO Carol Realini said “Dilip will strategically guide the company’s technical direction as we continue to develop state-of-the-art mobile payment products and drive our business to newer heights in the developed and emerging markets.”