eBay will not create its own payment system after PayPal spinoff

Mon 02 Mar 2015

It seems that e-commerce giant eBay is not going to create its own system of electronic payments after PayPal spinoff. PayPal Holdings filed a request to the Securities and Exchange Commission (SEC) as part of the separation mission scheduled for 2015.

In an application, some details indicate that eBay will not develop its own payment system after PayPal spinoff. According to the conditions, companies can not compete in the same field for five years.