WSJ.com - Google Plans Online-Payment Service

"Google Inc. this year plans to offer an electronic-payment service that could help the Internet-search company diversify its revenue and may put it in competition with eBay Inc.'s PayPal unit, according to people familiar with the matter."

And there is already one hot market eager to take advantage of this future e-payment platform

How Paypal / e-bay is reacting to that early announcement?
"Officials of Google and PayPal declined to comment."