Paypal in the news Archives

PayPal to announce intention to launch competition for Square

03/14/201203/19/2012 L. Green

On Thursday, PayPal will be announcing a small business solution that will include a dongle for mobile payments which will provide direct competition to Intuit (intu), Square, Verifone, and others. This PayPal dongle, which will be triangle-shaped, will make it possible for small business owners to be able to process the swipe of a credit card by using a smartphone, in a way that is comparable to PAYware by Verifone, Square, and GoPayment at Intuit. This effort will align well with PayPal’s recent efforts to carry its payment services into…

PayPal launches new Singapore mobile shopping pilot program in subway stations

02/13/2012 Julie Campbell

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…

The mobile payment struggle faced by PayPal

06/27/201106/27/2011 Jorge Gonzalez

Paypal Mobile Payments wearable technology

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…