New PayPal mobile wallet app is ready for its big debut

Mobile wallet app - PayPal app on phone

The completely overhauled “super app” will include all new options, services, and messaging. PayPal has given the go-ahead to move toward the launch of its newest mobile wallet app, which is expected to come with a full spectrum of additions. This digital payment application is now considered to be “code complete,” said the PayPal CEO. Dan Schulman, PayPal CEO, discussed the new mobile wallet app during the second quarter earnings call last week with investors. He called the application “code complete” and said that PayPal was preparing for a slow…

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PayPal wallet to allow users to withdraw cryptocurrency into third party apps

PayPal wallet - Bitcoin Symbol

The digital payment transaction company announced its intention to add the new crypto option. Last week, PayPal Holdings Inc announced that it intends to make it possible to withdraw cryptocurrency from the PayPal wallet into third party payment apps. The American online payments company first started allowing cryptocurrencies on its platform in October. Though it does accept cryptocurrencies onto its own PayPal wallet, the company does not currently allow its users to move the digital coins off its own platform. This news was announced at the CoinDesk Consensus 2021 conference.…

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CVS to use pharmacy QR code to accept PayPal and Venmo payments

Pharmacy QR code - CVS Pharmacy

Customers can now use a touch-free digital checkout process at 8,200 of the store’s locations. CVS Pharmacy, CVS Health’s retail division, announced that customers can use pharmacy QR code payments to check out touch-free using PayPal or Venmo. The barcodes are available to be used at 8,200 of the retailer’s standalone locations across the country. These pharmacy QR code payments make it possible for customers to shop in-store and pay for their items without having to sign a receipt or come in contact with a keypad. This allows them to…

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PayPal contactless QR code payments feature allows in-person touchless transactions

Contactless QR code payments - PayPal app

A new in-app feature makes it possible for quick response barcodes to facilitate purchases. PayPal is rolling out contactless QR code payments that use barcode scans to complete transactions for easy buying and selling. This will allow transactions to be completed in person but without making physical contact. The contactless QR code payments will be rolling out in the official PayPal app for safe and secure in-person transactions. It is rolling out in 28 markets around the world. Moreover, for a limited time, PayPal is waiving the transaction fees typically…

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PayPal completes GoPay acquisition required to access Chinese market

GoPay Acquisition - Handshake - acquisition money

The American digital payment firm has now acquired a 70 percent equity stake. PayPal has now confirmed the completion of its GoPay acquisition. The American firm purchased a 70 percent equity stake in the Chinese Guofubao Information Technology company. This represents the first time a foreign payments platform will provide online pay services in China. Through the GoPay acquisition, PayPal will become the first company from outside of China to offer online payment services within the country. The purchase in the majority stake in the company didn’t come as a…

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