PayPal with a “Pay by mobile” application

POSTED BY on May 30 under Mobile & Web News

PayPal is intending to take on Visa and Barclays with its new mobile payments app – PayPal Instore, that will enable customers to make payments on their mobile devices without the use of NFC technology.

The application is available on Android, iPad and iPhone devices and will provide users with a unique barcode for making payments right from their PayPal account.

The new system will run in four stores at this time – Oasis, Warehouse, Coast and Karen Millen.

The users need to download the PayPal application, tap on “Pay in store” from their homescreen, enter a four digit PIN code and show the unique on-screen barcode to the cashier. The application will also show you if there are any discounts in the particular store and will automatically reduce it from the total amount. The payment will be taken from your PayPal account and as usual you’ll receive an email from the company for confirmation.

This is a move that underlines the fact that mobile payments do not need to rely on NFC technology to succeed.

The system works on phones that the customers already have and the retailers do not need to install new system to take mobile payments.

The service is already in stores at Westfield Stratford, London, and will roll out nationwide in a few days.

The bad news is that the application is not available on BlackBerry and Windows Phone, but is under development with no word about an estimated date.

Source: electricpig.co.uk

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