PayPal will attempt a significant diversification initiative, expanding to mobile and offline payments. If you ask Scott Thompson, PayPal’s president, “PayPal is re-imagining money and making ti work better for merchants and consumers – whatever device you’re on, wherever you are in the world, and however you prefer to pay,” he wrote on PayPal’s blog.
The e-payment company will roll out mobile-payment software and point-of-sale technology, too. For the consumers, PayPal will also a virtual wallet. “We all know that shopping is fun but paying is not. Nobody likes to stand in line. Nobody likes waiting for their bill at the restaurant. At PayPal, we want to free you from the cash register,” Thompson writes.
Merchants will have a number of options to pick. One could involve shoppers entering their telephone number and a four-digit pin to make a payment from a PayPal account. Or shoppers might need to touch their phone to a kiosk. And why not a PayPal card, too?
Read more at The New York Times.