Google nabs PayPal’s VP of platform, eye on mobile payments?

By Matthew Chung on 01/26/2011 22:01 PDT

Thanks to recent reports and rumors, we already knew that 2011 would be a year where mobile payments would become increasingly important, especially with the increased adoption of NFC technology. Now there is some additional evidence that Google is pretty serious about the whole topic as PayPal’s VP of platform has gone for a change of scenery, heading over to Google’s campus. PayPal’s CTO made the announcement and has since introduced Matthew Mengerink as the new head of the platform team. Do you think that we’ll be using our mobile phones to pay for most of our purchases by the end of 2011?

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Google Google is an Internet Search company with profits mainly derived from its AdWords advertising program. Google is also known for other high-profile web-related products such as Chrome, GMail, Google Docs or Google Map, and it has also made a very successful entry into the mobile handset market with its Android mobile operating system. The company was created in 1998 and went public in 2004. Google is one of the most visited site in the world.

NFC stands for Near Field Communication, which is a standard for low-speed wireless short range communications between electronic devices. Popular applications of NFC are public transportation passes and some form of electronic wallet, but many more applications remains to be tested and implemented. NFC is a cousin of RFID and uses some of the same communications protocols.

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