Tag: paypal wallet

PayPal mobile wallet transactions are the online leaders

Sam Lambert
Mobile Wallet - Person paying with phone

They are also gaining ground in-store, where they represent a quarter of phone-based transactions. Mobile wallet transactions had been slow to take off but received a shot in the arm during the pandemic, when consumers looked to contactless payment options. Now, PayPal is leading the way in transactions conducted online and is also gaining ground among in-store shoppers who are looking to their phones to complete their purchases. According to PYMNTS data, PayPal is the leader in virtually every digital payments category. The PayPal mobile wallet is leading the way…

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Skype mobile app offers PayPal payments in latest update

Julie Campbell
skype mobile app paypal payments

The digital wallet’s partnerships are continuing to pile up with the messenger/voice application joining the mix. PayPal has announced that it has entered into yet another partnership as Skype mobile app users will be able to send money to recipients in 22 countries worldwide. The latest version of the Skype application makes it possible for users to send money to other users via PayPal. This represents a significant boost in PayPal’s reach as Skype’s app currently boasts over one million downloads. Beyond basic downloads, the Skype mobile app also has…

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PayPal is looking to mobile payments to continue its revenue growth

John Montgallo
paypal venmo mobile payments

The online transaction company was able to experience a massive spike in revenue in the last quarter of 2015. During the last quarter of last year, PayPal was able to create an increase in its revenues by 21 percent, bringing them to $2.6 billion, much of which was generated by the adoption of mobile payments in a number of different forms. Revenues are also believed to have been boosted at PayPal through its acquisition of Xoom, the remittance firm. The acquisition closed during the fourth quarter and PayPal has said…

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PayPal launches mobile storefronts in New York City to help shoppers acclimate to mobile commerce

Sam Lambert
NFC Technology Mobile Payments Infrastructure

PayPal is preparing to launch their new mobile wallet product – dubbed the PayPal Wallet – in the coming months and has begun introducing consumers to what the company believes with be the future of commerce. The company has erected several virtual store fronts throughout New York City. These stores are similar to those built by British grocer Tesco in South Korea, but instead of using QR codes, PayPal is using NFC technology. The company hopes to gauge the response of consumers regarding the concept of mobile commerce, especially those…

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