Around the Net
PayPal Testing NFC Payments
- Mobile Commerce Daily, Monday, April 27, 2015 9:51 AM
With PayPal’s mobile payments transactions volume increasing 40 percent year-over-year, the business is testing NFC payments prior to its imminent split from eBay, executives revealed this week during the ecommerce leader’s first quarter earnings call. Following PayPal’s acquisition of fellow commerce platform Paydiant in March, PayPal is planning to allow bank partners and merchants to integrate more mobile wallet functions into their own applications as part of its technology agnostic approach. Ultimately, PayPal aims to leverage a slew of mobile commerce opportunities in addition to NFC payments, such as QR codes, HCE and Bluetooth.
