PayPal, Microsoft Team Up on Game Payments for Xbox

What's Next In Payments®
4:34 PM EDT October 13th, 2011

PayPal is working to enable gamers to buy virtual goods over Microsoft’s Xbox 360 game consoles, according to Bloomberg.

The news site states the partnership is part of PayPal’s initiative to expand its payment programs to new audiences.  

“It’s symbolic of us moving beyond just the browser as a payment experience,” Carey Kolaja, senior director of emerging opportunities at PayPal, said in an interview.

New payment methods are also being developed by PayPal for collaborations with Financial Times and News Corp.’s Wall Street Journal, as well as with gaming company Blizzard Entertainment Inc. and digital music venture Spotify Ltd.

“We’re creating the tech stack and the platform to go onto any device, whatever the market may dictate at a given time,” Kolaja said. “Is ’t-commerce’ going to be a growth area in the future? I tend to think it will,” she said, referring to paying for products over televisions.

Click here to read the full article.

Comments
Also by This Author
What's Hot
Loyalty & Rewards
Payment History Firm Pulls In $70 Million Investments
Mobile
Bitcoin Platforms Being Reclassified As Money Transmitters
Apple Pay Tracker
Wireless Carriers Could Be Left Out Of NFC Payments
Apple Pay Tracker
What CurrentC Didn’t Say
View All Articles ››
You May Also Like
Company Spotlight
Different mPOS Strokes for Different mPOS Folks
International
Digital River Offers A Sneak Peak At Mobile eCommerce Trends
Mobile Commerce
Trustwave Buys Cenzic To Beef Up App Testing Capability
B2B Payments
WEX Comes Off Q3 With Strong Results
International
Transforming Payments from Cost Centers to Revenue Drivers
B2B Payments
U.S. Bank Tries To Streamline B2B Electronic Payments
CA Technologies
Online Transacting Is Safer Than A Card Present World
View All Articles ››