So Paypal has acquired BillMeLater, an interesting move and although it may not seem groundbreaking it does seem to chip away at the banks standard business model. Look at it like this; if Paypal is online payment made easy and BillMeLater is buy online now and pay later then the growth of the combined business must further encourage online sales and take more transactions away from traditional banks.
Another case of putting two things together and getting more than the sum of the parts?
It reminds me of another Paypal related blog – I posted back in April ‘08, Paypal + iPhone = m-commerce
In that instance, two capabilities coming together to drive the use of mobiles in the purchase process.
Here is the announcement.
Tags: iPhone, m-commerce, Paypal
