PayPal has been pushing ahead with its Here business, offering smaller businesses a way of taking card payments, processed by PayPal, by way of small readers attached to merchants’ smartphones. Today, the eBay division unveiled one of the new services it hopes will help it win with larger retailers.
PayPal is announcing today that seven new national retailers are using its in-store payments technology. Previously, PayPal had made a commitment to sign-up a total of 20 large national retailers by the end of 2012, and the company now has 23 retailers signed up to implement the eBay-owned company’s technology.
The mobile payment market in Europe continues to get more crowded, with the latest wave of entrants coming from across the pond to join a number of homegrown startups targeting the millions of businesses in the region that still do not accept credit card payments.
Square better get a move on launching its first non-U.S. mobile payment service because the market for point-of-sale mobile payments continues to hot up. We’ve been following the fortunes of Square-like competitors such as iZettle, mPowa and PayPal’s Here for a while.
It's still very early days for mobile payments, with the vast majority of consumers still not convinced that it really is a lot easier to pay for things using their phones instead of pulling out a payment card or even cash.
Samsung and PayPal worked closely together to get payment support set up with the Galaxy S 5′s fingerprint scanner, and today PayPal officially announced fingerprint-based payments would be going live in 25 countries.