PayPal revolutionized how consumers pay for goods online. It's not about to be usurped by the mobile payments movement.

Its parent, eBay Inc., is paying $240 million to buy Zong, a company that allows consumers to charge purchases to their phone bills. The deal is the latest in a long line of mobile-technology investments by PayPal over at least five years. The company's ultimate goal is to loop these technologies together at the point of sale.

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