Paypal app becomes a digital handbag – research snipers

Paypal goes to offensive: Payment service introduces a mobile portfolio function that enables direct payment to the checkout. Germany becomes a global rehearsal market for the function it will run on the iPhone and Android devices.

New option for contactless payments

Paypal enters the market for non -contact payments in the crate and thus faces defined services such as Apple Pay and Google Pay in competition. The new function is integrated into the existing PayPal app and enables users to easily pay cash terminals with their smartphone. Handelsblatt reports and refers to a Paypal announcement.

This solution should begin for both iPhone and Android users and works wherever without contact payments are accepted through MasterCard. The new function will be available after an application update soon. Customers benefit from a problem -free shopping experience that offers a summary of all online and offline purchases in the application.

Prolonged functions announced

Paypal chose Germany as the first market worldwide for presenting this new service. The mobile portfolio resolution then offers much more than the basic payment functions. Users also benefit from a cash return program that is valid for various partners in Germany when paying through PayPal app.

A special innovation is the “installment payment to go” function, which enables customers to pay purchases directly at the point of sale in installments. Selected flexible conditions of three, six, twelve or 24 months are available, and the application is easily done through the Paypal application. According to Paypal, this is a “premiere in Europe”.

Importance of NFC opening in Apple

This development is especially important for iPhone users. Jörg Kabbitz, PayPal Managing Director for the Dach region, describes the project as Paypal’s largest investment in the development of products for clients in Germany. Implementation was possible by opening the NFC interface for Apple devices, which Apple applied as part of the European DMA (DMA) market act.

The further technology develops, the harder it is to ignore the advantages of digital payment. Money continues to play a role, but we know that many customers: inside and companies are ready for innovative alternatives. We are convinced that Paypal has more to offer than money. Our app makes it easy and secure paying with a smartphone in the store. Customer: Inside can make flexible decide how and when you pay – and you can even save money. Paypal Jörg Kablitz manager