News stories featuring PayPal:
July 25th, 2016
US consumers will soon be able to make NFC mobile payments using their PayPal mobile wallet at all physical locations across the country that currently accept Visa contactless transactions.
July 4th, 2016
More than 25% of US smartphone owners make use of mobile payment apps at least once a month, research from Parks Associates reveals. “More than 3m retailers combined accept Apple Pay and Android Pay, but consumers currently prefer retailer-specific apps such as the Starbucks payment app,” the firm says. “The most dominant payment app is currently PayPal, which is used by one in five smartphone owners.” Retail branded apps take second place, followed by Google Wallet/Android Pay and Apple Pay in third.
June 27th, 2016
Customers of Vodafone Italia can now make NFC mobile payments through PayPal using the mobile network operator’s Vodafone Wallet. The service will allow for in-store payments at any Visa contactless terminal across the country.
June 27th, 2016
More than two thirds of Indian millennials (67%) have purchased goods online and in-store using their mobile phone, research from ACI Worldwide reveals. “For those who shop using their mobile device, they do so more frequently — and with lower transaction values — than non-millennials,” the research firm says. “More than a third of respondents prefer alternative payments (e.g. PayPal, Alipay) for mobile-initiated purchases.”
June 27th, 2016
Bitcoin wallet Coinbase has added support for PayPal and credit cards. “Through this integration, Coinbase users are now able to sell Bitcoin and have their USD funds deposited to a PayPal wallet,” Coinbase says. “To start, we’re offering PayPal cash-out for US users only. In the future, we hope to add support for other countries, and to support buys through PayPal as well. Both services are currently in beta. We’ll invite more users to each service over the next few weeks.”
June 22nd, 2016
PayPal will “hurt” from the launch of Apple Pay on the web, according to Piper Jaffray analyst Gene Munster. “Munster has confidence in merchant adoption of Apple Pay for the web, predicting that as many as 43% of PayPal’s merchants will accept Apple Pay at launch,” AppleInsider reports. “He believes that PayPal may be hurt, in part, by the fact that it does not feature a customer loyalty program.” Apple announced its plans to launch Apple Pay for online payments at WWDC last week.
June 16th, 2016
The UK startup behind the Kerv NFC payments ring has teamed up with payment solutions provider PSI-Pay to enable a greater range of payment options on the device. “The partnership utilises PSI-Pay’s MasterCard licence which will enable users of the Kerv contactless payment ring to pay in 38m locations worldwide,” Kerv says. “Users will be able to fund their account via debit or credit card, bank transfer or PayPal.” Kerv launched a fundraising campaign on Kickstarter in October 2015.
April 29th, 2016
Vodafone Wallet with PayPal NFC-enabled payments is now live in Spain and is expected to be made available across Europe throughout the “back half of 2016”, PayPal CEO Dan Schulman revealed during the company’s Q1 earnings call.
April 25th, 2016
PARTNER NEWS: Transaction technology provider Carta Worldwide, PayPal and Vodafone have won the ‘International Program of the Year’ award for Vodafone Wallet at the PX Payments Awards in Canada. “This is the second award win for the new Vodafone Wallet,” Carta says. “In February, the wallet won ‘Best Initiative in Mobile Payments’ at the 2016 Card & Payments Awards.” Vodafone Wallet enabled NFC mobile payments for European users through PayPal in February 2016.
April 14th, 2016
Motorists will be able to order and pay in advance for fuel at 220 Tamoil gas stations in the Netherlands from this summer using their smartphone and a new mobile refuelling feature enabled through MyOrder…
March 14th, 2016
NFC World is pleased to welcome transaction technology provider Carta Worldwide as a partner for a second year. Carta is an award-winning leader in next-generation transaction processing and mobile payment technologies including host card emulation (HCE), cloud-based secure elements and tokenization.
March 4th, 2016
Nearly half of US point of sale merchants (44%) are using or have requested information about mobile wallet solutions and 67% of those wanted Apple Pay, an investor note by Piper Jaffray analyst Gene Munster reported by Barron’s reveals. “That figure dwarfs the 18% that requested Android Pay/Google Wallet, 8% for PayPal and 7% for Samsung Pay,” the report adds.
March 3rd, 2016
Nearly six in ten US millennials (58%) say cash is their preferred way of paying and being paid by friends, followed by P2P payment apps (26%), cheque (8%) and electronic bank transfer (8%), GOBankingRates reveals. Of the 26% who chose P2P payment apps, 11% prefer PayPal, followed by Venmo (6%), Google Wallet (5%) and Square Cash (4%).
February 25th, 2016
Trust in Apple as a mobile wallet provider has increased to 25% among UK consumers, nearing the 27% trust shown for MasterCard, market researcher Marketing Sciences reveals. “Apple has improved from a figure of 18% back in summer 2014 to be trusted by fully 25% today,” the company’s Richard Snoxell writes in a blog post. PayPal has the highest trust rating with 40%, followed by banks (36%) and Visa (33%). Trust in Google stands at 17%.
February 25th, 2016
A total of 1.09bn people will be making mobile proximity payments globally by 2019, of which 939.10m will be made through NFC, Ovum’s new m-payments forecast reveals. The total transaction value of mobile proximity payments will grow from US$4.77bn to $141.21bn over the same time period.
February 22nd, 2016
An upcoming version of PayPal’s Android app is to bring with it NFC payments capability, the online payment giant has announced at Mobile World Congress. 18 million consumers have also opted in to use the…
February 19th, 2016
PayPal is preparing to introduce NFC support to its Android mobile app at Mobile World Congress next week, according to TechCrunch. “We’ve been spending a lot of time talking about this big period of transformation and how people shop, how people sell and how people interact with their finances,” PayPal’s Jo Lambert told the publication. The news follows PayPal enabling NFC payments for Vodafone Wallet users in Europe.
February 15th, 2016
PayPal has unveiled a new platform that enables merchants and partners to embed buy buttons in emails, social shares, blogs, articles, ads and apps through a set of APIs. “The PayPal Commerce tools, which are currently in beta, allow merchants to securely sell across contexts — anywhere consumers are online or on their mobile devices,” the company says. The platform is the result of the company’s acquisition of mobile commerce platform Modest in the second half of 2015.
February 12th, 2016
Vodafone Wallet users in Europe will soon be able to make NFC mobile payments at stores, restaurants and other retail locations using their PayPal accounts. The agreement between the online payments provider and Vodafone marks the…
January 13th, 2016
London commuters will soon be able to pay for black cab fares with an NFC device or a contactless card using PayPal Here, the company’s contactless reader that launched in the UK in August 2015. “PayPal Here has been approved as a card payment solution by Transport for London (TfL),” PayPal says. All London taxis will be required to accept contactless payments from October 2016, TfL confirmed in November.
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