Competition for Paypal?

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The Otto Group – the world’s second-largest online retailer after Amazon – wants to bring out a pay solution for smartphones next year under the brand name Yapital, which will facilitate both online and offline commerce payment by phone.

The project could be a serious competitor for Paypal or Google Wallet on the Otto Group’s home markets. After all, Otto operates over 50 online platforms from bonprix to mytoys and has over 400 high street outlets. Yapital would be a big step towards an integration of the company’s different sales channels.

Source: e-commercefacts.com

 

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