"There is a lot of buy-in required, which is one reason you see relatively few startups in the payments segment in India," he said.
If the company does enter the digital payments segment, it could generate significant revenues from the transactions carried out on its platform.
The Payments segment includes core payments brand PayPal, which enables individuals and businesses to securely, easily and quickly send receive payments online and through a broad range of mobile devices.
Further, the company's focus on expanding its network of co-branding partners and improving technology to compete in the online payments segment has augmented its top-line as well as bottom-line.
The company said that its acquisition of Diners Club International from Citigroup, which was completed in June, added to the already strong results of its third-party payments segment, which processes teller-machine and debit transactions.
"The opportunity in the mobile payments segment is enormous, and we believe that Fortumo is well positioned to capitalize on the trend of operator based billing, says Marcin Hejka, Managing Director of Intel Capital Eastern Europe, Middle East and Africa.
The notice also included a precatory proposal recommending that eBay act expeditiously to engage an investment banking firm to effectuate a spin-off of eBay's Payments segment into a separately traded company.
And on the subject of the spinoff proposal, it is equally unequivocal: "The Board has carefully considered this proposal and has unanimously agreed that spinning off the Payments segment (PayPal) into a separately traded public company would not be in the best interests of eBay or its stockholders," it writes.
Discover processed some $46.7 billion in transactions in its payment services segment during the first quarter.
The Payment Methods segment is responsible for funding, transmission, processing services, and financial settlement of operations in electronic means.
