Google set to rival PayPal

[jagan]

GOOGLE Inc, the most-used Internet search engine, will start an online payment system this month that will challenge EBay Inc's PayPal and let Google offer more targeted ads, an analyst wrote.

GBuy, which will begin on June 28, will handle purchases between shoppers and merchants, RBC Capital Markets analyst Jordan Rohan wrote in a note to investors. Participating sellers will be listed as "trusted GBuy merchant" in Google search results, he said......More At.....