Now Microsoft Wants To Get Into The PayPal Business As Well?
from the good-luck-with-that dept
There's a short blurb over at CNN suggesting that Microsoft is getting ready to enter the online payments business, based on some off-hand comments from Bill Gates at Davos. It very well could happen, but it's odd that the press report doesn't even mention PayPal and seems to assume that this is really an attack on credit card companies. It's certainly possible that it would be directed at credit card companies, but the brief description sounds much more like PayPal. Of course, beating PayPal at its own game has proven a difficult chore for just about every competitor. eBay couldn't do it, so they ended up buying PayPal outright and shelving their own competitor. Google is trying to beat PayPal and finding it to be more difficult than expected. There's nothing wrong with Microsoft entering the space (more competition for PayPal would be good), but it seems unlikely that any of the credit card companies need to be worried any time soon about Bill Gates' plans.