Google To Give PayPal A Run For Its Money ...

Google To Give PayPal A Run For Its Money ...

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Google Inc. plans to offer an electronic-payment service this year that could help the Internet-search company diversify its revenue and may heighten competition with eBay's PayPal unit, according to a recent newspaper report.

Details are not known, The Wall Street Journal said Friday, but the paper quoted people familiar with the matter as saying Google's payment service could have similarities with PayPal, which lets consumers to make purchases on Web sites through accounts that draw from credit cards or checking accounts.

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