PayPal Bolsters M-Commerce in Singapore

June 17, 2010

PayPal announced it has teamed with Singapore’s Infocomm Development Authority (IDA) to develop and encourage mobile commerce in the city state. The agency has launched a digital concierge program, powered by PayPal’s m-payments platform, to speed the growth of the mobile services ecosystem in Singapore. PayPal Pte Ltd will provide two solutions to the program that enable businesses and mobile service developers in Singapore to integrate mobile payment capability with their mobile websites and applications, according to an IDA fact sheet. PayPal will offer both solutions to developers with transparent pricing and open technical interfaces that any third-party mobile services company can leverage.  The IDA said PayPal’s technology will help to proliferate the number of mobile payment services for consumers in Singapore. Farhad Irani, vice president, Asia Pacific, PayPal, said “Singapore possesses great potential for widespread adoption of mobile commerce as an increasing number of retailers want to use the mobile channel to extend their reach and consumers want easy-to-use, secure payment methods on their mobile phones.” Singapore is the site of PayPal’s international headquarters.