eBay (NASDAQ:EBAY) already enjoys a robust mobile business, so the release of one more popular smartphone should only provide icing on the cake. But eBay has one new project that should especially benefit from the popularity of Apple’s new device.
The company plans to open a new mobile payments program through PayPal this fall, allowing users to pay for goods using their mobile phone number and a pin number. Google Wallet is the mobile payment service getting press now, but that service is restricted to a single type of phone on Sprint’s network at the moment. EBay and Paypal’s service won’t be restricted by a phone’s technology, meaning the possible millions of iPhone 5 users this fall likely will find it the mobile payment option of choice.