PayPal has received a strong early response for its new mobile payment system, the company said Wednesday.
The eBay (EBAY) unit's revised mobile app, which allows merchants to accept card payments using an add-on reader or the phone's camera, was released last month and has already attracted more than 200,000 merchants, said John Donahoe, eBay's president and chief executive, in a conference call Wednesday.
PayPal has also been testing a point of sale payment system with Home Depot and other retailers.
PayPal recently selected a new president, David Marcus, to replace Scott Thompson, who left in January to head Yahoo (YHOO). Marcus, who became PayPal's president April 2, previously headed Zong, a mobile payments company PayPal bought last year.
"David is a successful technology entrepreneur with a real passion for innovation, great products and consumer engagement," Donahoe said, according to a transcript. "He leads with a founder's perspective."
PayPal's net revenue rose 32%, to $1.3 billion, in the first quarter from the same period a year earlier.
eBay's net revenue rose 29%, to $3.3 billion. Its net income rose 20%, to $570 million.
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