In a challenge to credit cards online payments company PayPal is expected to launch a service sometime in the next few weeks that will allow Australian customers to make payments for prepaid mobile accounts online. After negotiations with Prepaid International, Paypal has been given access to many high-traffic websites and the deal will allow prepaid customers of Optus, Virgin, 3, Boost Mobile and Dodo to use PayPal to recharge their phone rather than Visa or Mastercard. PayPal estimates that it currently has over 3 million customers in Australia.

By The Financial Review