Pay Pal is opening up its online payment platform to developers with a new API tool. The move will make it easier for people to carry out purchases on a variety of devices, such as mobile phones, and via channels such as social networking sites. Scott Thompson, PayPal’s president, made the announcement at the Web 2.0 conference in San Francisco. He said: “I am proud to say in just two weeks, PayPal will be the first global online payment service to open its platform to everyone.
“We hope and expect to unleash the power of digital money regardless of the currency and regardless of the platform in any country in the world.”
The e-bay owned site is already working with several consumer and mobile device manufacturers, at both start-up and larger levels, to help integrate its functionality into their services.
Thompson added: “PayPal will be the first truly global online payment service to open its platform to everyone. We’ll be releasing APIs [application programming interface] that will allow anyone in the industry to create new ways to reinvent the $30 trillion payments industry.”
He said more details about the API would be released at a developers’ conference on Nov 3 in San Francisco, but revealed his ambition to make PayPal transactions happen seamlessly across mobile phones, televisions and social networks.
Thompson played a video of PayPal’s “vision of the future” where people could use the service to purchase film tickets through outdoor advertising on bus shelters or an extra pint of milk through a computer screen built in to refrigerators.