PayPal Introduces Mobile Payment Service

It will compete with similar services offered by iZettle and Payleven in the UK. PayPal has introduced a European version of its PayPal Here mobile payments service in the UK. The service will provide new sales methods to small merchants that earlier relied on cash or cheques. As part of the move, the company has also unveiled a Chip & PIN device which would allow small merchants to accept credit and debit cards as well as PayPal payments.

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