But not to begin with.
After conquering the world of online search engines, Google Inc. is setting its sights on online payments.
According to a story running on Reuters, Google will launch an online payment system called GBuy on Wednesday. While not as catchy a name as, say, PayPal ? the service will be essentially the same: allowing online merchants a way to accept and process transactions online.
Google?s business plan appears to be to target online merchants first, rather than consumer-to-consumer payments. With this being the case, it’s unlikely that Google will pose an immediate threat to PayPal, which is primarily focused on the consumer-to-consumer market.
You can read this story at Google online payment system could take on PayPal.
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