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.
PayPal has announced that they’re opening One Touch mobile payments to developers today, and the payment system will come to every PayPal user in the next few weeks. Even though PayPal only wanted to show off the payments on an iPhone, they’re still coming to Android, rest assured.
For those businesses that have been using mobile devices to run their businesses, their only choices in accepting credit or debit cards were either Square or PayPal. However, Amazon has decided to throw its hat in the ring as they have unveiled their own card reader.
Touting its increasing focus on credit products for both consumers and small businesses, PayPal today announced it is rebranding its Bill Me Later service as “PayPal Credit,” while that and its PayPal Working Capital business loans service are now destined for international expansions. PayPal Credit is soon being rolled out to the U.K.
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.