10Jul eBay purchases mobile payments firm Zong for $240 million in cash (Appolicious)

Appolicious – In a bid to strengthen PayPal’s payment platform, eBay has dropped $240 million in cash to purchase venture-backed mobile payments provider Zong. Through Zong, a company that was spun off from mobile monetization provider Echovox, consumers can post payments to their cellphone bills, mainly for the purchase of virtual goods within games.

Read more:
eBay purchases mobile payments firm Zong for $240 million in cash
(Appolicious)

Tags: 240-million, Cellphone, mobile-monetization, mobile-payments, payment-platform, post-payments, purchase, purchase-venture-backed, technology, the-purchase, their-cellphone, virtual-goods, zong-through