26-Feb-18, Payments Source
The recent announcement that eBay will be replacing longtime payments processing partner PayPal for Dutch-based Ayden certainly shocked the industry.
%20Bloomberg%20News.jpg "EBays PayPal break shows the importance of localised processing (c) Bloomberg News")
Image: Bloomberg News
But as local online payments through mobile apps and regional or country-based solutions continue to gain steam, the change reflects the globalizing payments landscape.
eBay and PayPal have grown up together, being linked for nearly 20 years, including more than a decade when the online retailer owned PayPal. PayPal will remain a payment option (on the eBay intermediated model) through Jul-23.