A little over a week ago we reported that PayPal was introducing a new way to transfer money between two people, and it was through the use of NFC technology on devices such as the Samsung Nexus S.
Prior to this, PayPal existed solely on the web, a popular choice used by eBay customers to purchase their goods and bid on auctions, and if anything, their transition to handsets and the use of NFC technology might have been an indication of what is to come, and that is offline payment methods.
By the end of the year, PayPal is said to be testing the point of sale integration with a major U.S. brick and mortar retailer, although it was not specified as to which retailer that would be. PayPal has also expressed that compared to online sales, this new direction that they are branching out to will definitely be slower although they have confidence that it will grow.
It sounds like a pretty good idea and we like the idea that we will be able to walk into stores and buy items using our PayPal account. After all, there are some users of PayPal who rely heavily, if not solely, on PayPal as their means of purchasing goods and services online, and with the ability to bring that into the real world in brick and mortar stores is just a huge plus.RELATED
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- Follow: ebay, google wallet, NFC, paypal,
- Seen at: blogs.forbes