Covigo and X.com Partner to Offer Wireless Access to PayPal

Leading Global Business Platform Provider Enables Complete mCommerce Transactions

Covigo, Inc., a leading global business platform provider of next-generation transactional wireless applications and services to any mobile device, today announced support for X.com's PayPal, the world's premier online payments network. With this alliance, Covigo expands its mobile transaction offerings to support PayPal, the most widely used Internet-based payment platform.

Covigo's customers and their end users will now be able to use PayPal to send and receive online payments, and check account balances and transaction histories from any Internet-enabled cell phone, PDA or pager, confident that their transactions are instant and secure.

"This is a pivotal strategic alliance for Covigo," said Dev Khare, CEO of Covigo. "Our cutting-edge wireless platform enables Covigo's enterprise customers to monetize mCommerce transactions for consumer-to-business or consumer-to-consumer payments. This enables PayPal to broaden its reach and attract, service and retain mobile customers."

Covigo's unique wireless solution enables businesses to quickly and economically deliver mCommerce transactions, messaging and content to their mobile users. Benefits for businesses include faster time to market, new revenue stream opportunities, lower costs and increased employee productivity.

"Our partnership with Covigo will further expand wireless use of the PayPal service, letting even more people turn their wireless device into a mobile wallet," said Reid Hoffman, senior vice president of business development at X.com. "Together, Covigo and PayPal will help people make instant and secure wireless payments--anytime and from virtually anywhere."


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