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CNET: PayPal co-founder Levchin Launches Affirm, A New Mobile Payment Startup
/ February 27, 2013 11:48 am

CNET reports that PayPal Co-Founder Max Levchin is launching a new mobile payment startup called Affirm to compete in the fast-growing mobile payments market. Affirm will attempt to speed up the process of making mobile purchases by using Facebook authentication to validate the identity of purchasers and make payments to sellers. Levchin said, “We are trying to get as close as possible to one-click, which has always been the case on the desktop. In mobile, it has become an imperative to be able to buy it now or you lose a customer quickly.”  Read more

Photo by Flickr user Joi, used under the Creative Commons license


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