20 October 2017
Find out more

PayPal launches developer library for mobile payments

12 February 2010  |  8948 views  |  0 PayPal logo

PayPal has introduced a beta version of its Mobile Payments Library, with the aim of helping third party developers embed PayPal functionality into consumer handsets.

The Mobile Payments Library is an important element of the PayPal X global payments platform, which the company introduced to the developer community in November.

Announcing the roll out on the PayPal blog, Osama Bedier, VP of PayPal platform and emerging technology, explains: "Basically, the Mobile Payments Library is a quick and easy way to add checkout functionality for physical goods and services sold through the iPhone (other platforms are coming soon). And the best part is, developers don't have to worry about collecting and storing debit or credit card information. PayPal takes care of that for you. We think this will open up a whole new way to monetise iPhone applications and build profitable mobile commerce businesses with PayPal."

He says two start-ups are already building new apps on this technology: ShopSavvy - which will be integrating PayPal into its popular barcode-scanning app: and Shutterfly, which is using the Library to incorporate PayPal functionality into its Wink photostrip platform.

The Library beta is initially being made available to US developers, with overseas launches to follow in the near future.

"We're excited that mobile is really gaining traction," says Bedier. "Last year on Black Friday we saw a 643% jump in mobile payments compared to the year before. Cyber Monday 2009 was similarly dramatic: 732% more mobile payments than the year before."

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

PayPal to add another 100 Dublin jobs

PayPal to add another 100 Dublin jobs

22 January 2010  |  9189 views  |  0 comments
PayPal opens up to third party developers

PayPal opens up to third party developers

04 November 2009  |  9307 views  |  0 comments
PayPal woos third party developers with Adaptive Payments

PayPal woos third party developers with Adaptive Payments

07 July 2009  |  123748 views  |  0 comments
PayPal deploys SMS authentication system in UK

PayPal deploys SMS authentication system in UK

26 January 2009  |  10347 views  |  0 comments
PayPal and merchants set to kick-start m-payments revolution - Mercator

PayPal and merchants set to kick-start m-payments revolution - Mercator

08 January 2009  |  8140 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.capgemini.com

Who is commenting?

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
15883 views comments | 12 tweets | 4 linkedin
Swift positive on blockchain, but big challenges remainSwift positive on blockchain, but big chal...
8994 views comments | 16 tweets | 23 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8105 views comments | 13 tweets | 10 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7175 views comments | 9 tweets | 17 linkedin
Santander InnoVentures leads $6m funding round for Mexico's ePesosSantander InnoVentures leads $6m funding r...
6312 views comments | 6 tweets | 3 linkedin

Featured job

Competitive base, commission, benefits
London, UK

Find your next job