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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Mobile commerce gains leap ahead to record 80 percent adoption rate

mobile commerce gains - woman using mobile phone

New Ipsos data shows that 4 out of 5 people around the world use smartphones in order to shop. Consumers are now shopping on their smartphones, leading to mobile commerce gains the world has never seen before, revealed a study conducted by Ipsos and commissioned by PayPal. At the same time that consumers are shopping on these devices, they remain concerned about security. The poll involved the participation of 22,000 consumers around the world. It examined mobile commerce gains across all age groups. This research found that 80 percent of…

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New PayPal in-store mobile payments option to roll out in 2020

PayPal in-store mobile payments - paying with smartphone

Sometime next year, the online payments company is gearing up to launch in-store payments solutions. A new PayPal in-store mobile payments initiative has been revealed by the company’s CEO Dan Schulman. According to Business Insider, Schulman recently said in an interview with Axios that a digital wallet for physical stores that uses near field communications (NFC) and quick response (QR) code technology, could be part of the upcoming PayPal in-store payments solution. PayPal sees new value in the potential of offering such as system. This won’t be the first time…

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