PayPal’s new boss to drive mobile

PayPal yesterday named David Marcus as its new chief executive, almost three months after previous boss Scott Thompson left the online payment company to head up Yahoo. Marcus joined PayPal last year when the eBay-owned company bought Zong, the mobile payments company that he founded. Marcus, who is currently vice president of mobile at PayPal, will lead the company as it pushes into mobile payments and in-store transactions. The appointment is effective from 2 April.