eBay will be prevented from setting up its own payments company when it spins off PayPal to operate as a standalone business later this year, an SEC filing has revealed. An operating agreement which will remain in effect for six years will allow eBay to offer customers alternative payment providers as long as the company ensures that roughly 80% of its sales continue to be routed through PayPal.
- Schools in Scotland let students make contactless meal payments with their face
- Tesco opens its first checkout-free store in London
- Beijing offers public transport users discounts to encourage digital yuan fare payments
- Major banks, retailers and fintechs to support rollout of national QR payments and rewards system in Australia
- Circle K adds checkout-free shopping at US convenience stores
This article is more than six years old