WASHINGTON - Online payment service that is now controlled by PayPal will fight American Express (AmEx). The analysts rate would boost AmEx online payments business by buying a Revolution Money.The purchase will be announced Wednesday (25/11) with a purchase value of 300 million U.S. dollars. Revolution Money is a start-up companies online payment service that was founded Steve Case, founder of AOL, since 2005.
"AmEx is positioning itself to more effective innovation and for consumers menggeat in the future," said Ed Countz, analyst from Forrester Research as reported by AFP, Tuesday (24/11).
Kountz said the country's young consumers are accustomed to non-cash transactions from one person to another. Online payments market continues to increase. Many payment services but not many as successful as PayPal, which is part of the online sales site eBay. Entry of AmEx Revolution Money to see if a strong competitor?
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