 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.

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.

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 Financial Services insights