EBay Inc's payments business, PayPal, already lends money to online shoppers, but it is now starting to finance the merchants who sell on the company's online marketplaces.
PayPal (San Jose, CA, USA) has already tested a financing program for eBay sellers in the UK and it plans similar tests in the United States this year, a company spokesman said on Tuesday.
Chinese equipment maker Huawei expects its revenues to grow at a compound annual rate of 10% over the next five years, despite the current slowdown in the equipment market and its difficulties in the US.
Huawei (Shenzhen, China) provided the forecast after reporting that net profit for 2012 was 32% higher than for 2011, at RMB15.4 billion ($2.48 billion), with revenues up 9%, to RMB220.2 billion.
“In 2012, Huawei met business performance expectations through improved operational efficiency,” said Guo Ping, Huawei’s rotating and acting chief executive.
EBay Inc foresees annual earnings growth of 15 percent to 19 percent over the next three years, and is targeting an increase in revenue of as much as 68 percent for the period. The aggressive goals drove its shares up more than 4 percent.
Executives told analysts at eBay's annual investor day on Thursday that they expect revenue of $21.5 billion to $23.5 billion in 2015, versus $14 billion in 2012, as the company expands globally, focusing more on local commerce and using mobile technology to lure shoppers.
T-Mobile USA said on Tuesday that it will start selling Apple Inc's iPhone on April 12, making it the last of the big national U.S. operators to sell the popular smartphone.
The No. 4 U.S. mobile provider, which is seeking to merge with smaller rival MetroPCS Communications (Richardson, TX, USA), is hoping the device can help stem customer losses. The launch follows a marketing overhaul that eliminates device subsidies and two-year service contracts favored by its bigger rivals.
Swedish telecoms equipment maker Ericsson said on Tuesday it had sued Indian handset maker Micromax and its distributor for infringement of wireless patent rights.
Ericsson (Stockholm, Sweden) was confirming an earlier report in the Economic Times of India that it had sued after Micromax (Gurgaon, India) refused to sign license agreements for several wireless technologies.
"It is once again about FRAND (fair, reasonable and non-discriminatory terms)," Ericsson spokeswoman Karin Hallstan said. She declined to comment further.
M2M specialist Numerex has announced that its customer base has surpassed the 2 million mark, with surging growth providing evidence of the current momentum in the M2M industry.
The company, which provides M2M services and technology for enterprise and government customers worldwide, says that it took several years to reach the 1 million mark but only two years to double its customer base from that level.
Visa Inc has no plans to implement a "digital wallet" fee at this point, Jim McCarthy, global head of product at the payment network, said on Thursday.
The comment came amid concern Visa (Foster City, CA, USA) might follow MasterCard Inc's recent move to impose a new fee on operators of digital wallets, such as PayPal, owned by eBay Inc (San Jose, CA, USA).
Scandinavia’s TeliaSonera has claimed to be the first operator in Europe to launch a mobile service that lets any customer use a number of devices as part of the same tariff.
Branded Telia Mobil Dela, or Telia Mobile Share, the service allows customers to connect smartphones, tablets and other mobile devices for a fixed monthly fee that includes a voice, messaging and data allowance.
TeliaSonera (Stockholm, Sweden) says that additional devices can be added at a lower monthly price and that the ‘data bucket’ can be shared between devices and adjusted on a monthly basis.
French smart card maker Gemalto is forecasting double-digit sales growth this year, helped by strong demand for its services and products in the United States and Asia, after posting record sales in 2012.
Paris-listed Gemalto (Amsterdam, Netherlands), which makes smart chips for mobile phones and bank payment cards, said sales last year were up 9 percent at 2.24 billion euros ($2.90 billion) driven by its mobile business which accounts for close to half its sales and its smaller Security unit, which makes embedded software for electronic documents such as passports.
EBay Inc shares hit a new low for 2013 on Monday as concern mounted about the impact of a new "digital wallet" fee on the company's PayPal business.
MasterCard Inc (Purchase, NY, USA), one of the largest payment networks, said earlier this year that it plans a new fee for digital wallet operators like PayPal (San Jose, USA) starting in June.
The actual dollar amount PayPal ends up paying may not be that large, analysts say.