PayPal has announced that it is allowing its customers to add its cards to the mobile wallet app. In what is likely a strong reflection of how popular mobile payments have become, PayPal has now announced that it will let its customers add their PayPal or Venmo credit and debit cards to their Apple Wallet. This makes it possible for the mobile payment app users to collect cashback and rewards. Using Apple Wallet, PayPal and Venmo card users will be able to accumulate cashback and rewards when they make purchases.…
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PayPal launches new Singapore mobile shopping pilot program in subway stations
PayPal has announced the launch of a new pilot program that it has placed in subway stations in Singapore, which is designed to allow commuters to use their mobile devices to make purchases while they’re on their way to or from school and work. The program involves the participation of eight different stores which are offering mobile consumers passing through the subway stations the opportunity to take advantage of reduced prices on Valentine’s Day gifts. In order to make a purchase, mobile consumers simply need to use their smartphones to…
Read MorePayPal to break new ground in mobile commerce by removing NFC technology from the equation
Mobile commerce is beginning to take hold with consumers, but as more companies look to establish themselves in the emerging industry, one of the major contenders is deciding to bow out of the competition. PayPal has decided to discontinue its pursuit of NFC mobile payment applications, claiming that the technology is a step backward for point of sale transactions. The company is not abandoning mobile commerce entirely, however, and will be working on a new way to provide a similar service to tech-savvy consumers. PayPal first began experimenting with NFC…
Read MoreThe mobile payment struggle faced by PayPal
It is currently estimated that PayPal mobile payments will generate a volume of $3 billion in 2011, which is twice what was forecasted in the last quarter of 2010, and has increased significantly from the $2 billion prediction from April, 2011. Paypal has explained that its current mobile payment volume is a total of $10 billion, which is a jump from the figure seen in March, which was a daily $6 billion. This tremendous spike in volume indicates that PayPal has discovered a successful path for allowing for mobile device-based…
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