PayPal expands its reach to offline stores with new payment options
PayPal has extended beyond being just an online payment system and can now be used in the real world after some new partnerships were announced recently.
This means PayPal’s cashless payment system can now be used in café’s, bars and restaurants which can save time and bring customers a step closer to being able to leave their traditional wallet at home.
Following a collaboration with Catch Group’s online and mobile take-away ordering site EatNow, PayPal will enable customers to order and pay at more than 2,000 restaurants using the its mobile application.
PayPal has also been working with POS (point of sale) software providers to create a partnership with more than 1000 cafés and bars to accept PayPal as a way to pay in these physical locations.
Hundreds of these locations allow customers to check in to a particular location and indicate they intend to pay with PayPal.
Another innovation has been introduced with a company called Beat The Q which has enabled a range of venues to give customers the option of ordering ahead and paying before they arrive at the store with PayPal.
That way when arrive at the location their order is ready for pick up. The store owner will be able to identify you with the user’s picture on the main screen of the app.
“PayPal launched the world’s first digital wallet, leveraging cloud technology to provide customers with a secure, financially independent, device-agnostic solution that provides true flexibility on desktop and increasingly on mobile devices,” says Hill Ferguson, vice president of global product for PayPal.
“As we continue to work in collaboration with other leading entrepreneurs and innovators of all sizes, PayPal’s mobile application will increasingly be seen as a destination for consumers to browse local businesses, order ahead and transact at point of sale.
“The way we differentiate from our competitors is our maniacal focus on creating consumer solutions that harness the power of connected networks, solving real customer pain points and consistently looking for opportunities to simplify the lives of our customers.”
PayPal is continuing to further improve the mobile application and create new innovations that will empower customers.
“Mobile has driven dramatic shifts in the path to purchase, providing Australian retailers with more opportunities to interact with their customers and engage with them at a number of touch points beyond the traditional storefront,” said PayPal Australia managing director Jeff Clementz.
“Over the last year, PayPal has been collaborating with hospitality and POS companies to provide more flexible and secure payment options for Australian consumers, making it easier than ever to pay how they want, when they want.
“Our five million active Australian accounts now have access to over 90,000 Australian merchants online, offline and on their mobile, helping them save time and money while also providing more opportunities for deeper, more personalised engagement with the retailer.”