EBay's PayPal going offline, targets big retailers

By REUTERS
July 21, 2011 02:57

SAN FRANCISCO - EBay Inc's PayPal business has become one of the largest online payment systems, but its now heading offline, Chief Executive John Donahoe said in the wake of the e-commerce company's quarterly results on Wednesday.

"We intend to help retailers grow their businesses offline in the same way we helped merchants grow online," Donahoe said during a conference call with analysts.

PayPal will be testing "point-of-sale innovation" with a major US retailer by the end of this year, he added.


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