We all know how successful PayPal is but, just in case you missed it, then checkout the story I wrote about them in March.
Over the weekend then, it's interesting to note that Amazon launched their new Flexible Payments Services, a complete set of API's for developers to integrate payments functionality "between any two entities, humans or computers".
And, just in case you don't clickthrough to have a look, here's the low-down:
Mind you, even with Amazon, Google and PayPal in the frame, there are still others who want to get in on the act, such as Bill Me Later from I4 Commerce. Bill
So, having dominated online payments for the last five years, PayPal do face some serious new competition.
Should be interesting to watch.
Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...