03-24-2006, 10:18 AM
Israel's leading portal Walla, owned by media firm Haaretz Group, launches Israeli auction site and online payment service.
full article: http://www.haaretz.com/hasen/spages/697508.html
full article: http://www.jpost.com/servlet/Satellite?c...9395665843&pagename=JPost%2FJPArticle%2FShowFull
Walla!Buy web site: http://www.wallabuy.co.il/
Walla!Pay web site: https://www.wallapay.co.il/
Quote:Walla! announced yesterday two new services which are local versions of eBay and Paypal.
Walla!Buy is an online market and auction site, while Walla!Pay allows users to make secure payments without revealing their credit card details. The development of the sites, similar in design to the U.S. sites that they emulate, took more than a year and cost more than NIS 2 million.
Walla!Shops CEO Uri Nadler explained that Walla!Buy works as an open trading arena, in which any individual or business can offer items for sale. Nadler expects the new site's revenues to reach NIS 300 million within three years...
full article: http://www.haaretz.com/hasen/spages/697508.html
Quote:The market for online shopping sites in Israel heated up this week when Internet portal Walla launched two new services for the local market: auction site WallaBuy, billed as the Israeli version of international giant eBay, and WallaPay, an epayment solution modeled after Paypal in the US.
WallaBuy CEO Uri Nadler said the site would make Walla the first major player to offer a consumer-to-consumer (C2C) marketplace in Hebrew. Although a number of English sites offer C2C shopping in the form of online virtual communities, Nadler doesn't consider them competitors.
"Those sites are usually just message boards or e-mail lists, while this is a full e-commerce site," Nadler said.
full article: http://www.jpost.com/servlet/Satellite?c...9395665843&pagename=JPost%2FJPArticle%2FShowFull
Walla!Buy web site: http://www.wallabuy.co.il/
Walla!Pay web site: https://www.wallapay.co.il/