Widely regarded as a titan of online payments in the United States, PayPal has built a significant business in Europe as well. But is its online payments business a strong foundation for the still-nascent mobile money market here?

"Making a payment via mobile app is one area where PayPal really makes sense for people, because it means not having to type in a long credit card number on your mobile," says Sarah Clark, PayPal's head of strategy for Europe, the Middle East and Africa. "As more and more companies do business via mobile applications, whether on the smartphone or the tablet, they are keen to talk to PayPal about how we can help."

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