PayPal Inc. and Singapore’s Infocomm Development Authority, a government agency, have inked a mobile-payments deal, according to Rahul Shinghal, regional head of mobile product for PayPal Asia Pacific.
Under the agreement, the online-payment service owned by online auction site operator eBay Inc. will power the infrastructure of Singapore’s Digital Concierge mobile-commerce program, Shinghal noted in his official PayPal blog. The program is set to launch by the end of this year.
Digital Concierge would enable businesses and consumers to securely conduct transactions and make payments via their mobile devices, including iPhones and Android devices, he wrote.
“Local developers and [information-technology service] providers can also leverage our payment functionality to more quickly and easily make money from their mobile services and apps,” Shinghal said. “This will make it much easier to encourage businesses, such as retailers and [food and beverage] outlets, to adopt m-commerce and reach out to more consumers and ultimately grow their sales.”
Officials from the Infocomm Development Authority did not respond to requests for comments.
The Infocomm Development agreement represents PayPal’s second large deal in Asia.
In May, Kuala Lumpur-based telecommunication operator Maxis Communications Ltd. announced a payments deal with online-payments provider. The deal will allow Maxis’ 12 million customers to pay online via PayPal using a personal computer or mobile phone (see story).