For those who have been living in the Outer Hebrides inside a cave for the past 10 years, this essay does not apply. For most of the other denizens of this country who are connected to the internet, PayPal would be familiar term. In any case, Paypal is an online payment system which is used for online electronic transactions, primarily on EBay. And according to a recent report, it is the most popular online payment service in the UK, which had nearly five times the number of unique visitors to its site compared to the second best one. How on earth did an e-commerce site get to be on top of the pile? Surely financial institutions should be wiping the floor of these e-commerce sites? Well, yes and no. What lessons can be learnt and what does the future hold? Here’s a wild stab at it.
Continued on at: http://piquancy.blogspot.com/2008/03/paypal-challenge.html
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Bhaskar Dasgupta
http://dailysalty.blogspot.com/ (for shorter daily comments)
http://piquancy.blogspot.com/ (for longer weekly essays)
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