In a global first, users in Germany will soon get access to a contactless feature through the latest version of the PayPal app. This will enable shoppers to choose PayPal to pay with a simple tap of their phone at any location that accepts Mastercard contactless payments.
In a first for PayPal in Europe, the Pay Later online option will also roll out for use in physical stores in Germany. Users will be able to pay in three, six, 12 and 24-month instalments for in-store purchases with ‘Ratenzahlung To Go’.
PayPal, a leader in digital payments, announced that is expanding in physical stores across Germany this summer. „In the coming weeks, PayPal’s first-ever contactless mobile wallet will launch nationwide, available to PayPal consumers in Germany before anywhere else in the world. The new contactless feature will be accessed through the latest version of the popular PayPal App (both iOS and Android).” – according to the press release.
Consumers will be able to choose PayPal to pay „safely and easily” with a simple tap of their phone at any location that accepts Mastercard contactless payments. And, for the first time, the PayPal App will bring together a consolidated view of both online and offline purchases for the consumer.
In a first for PayPal in Europe, its popular Pay Later online option will roll out for use in physical stores in Germany. Consumers will be able to pay in 3, 6, 12 and 24-month installments for in-store purchases with Ratenzahlung To Go. Fast and flexible, consumers will be able to apply seamlessly in the PayPal App at any time and spread the cost of larger in-store purchases directly with PayPal.
Consumers can activate offers in the PayPal app to earn cashback. Once activated, users will earn cashback when they pay contactless with the PayPal App at a range of Germany’s favorite stores. More details will be announced in the coming weeks.
“As technology advances, the benefits of digital payments in stores are becoming harder to ignore,” says Joerg Kablitz – Managing Director, PayPal Germany, Austria & Switzerland. “Cash has a role to play, but we know that many consumers and businesses are ready for innovative alternatives. Put simply, we believe PayPal is better than cash. Our App will make it easy and safe to pay with your phone in stores; it will give you more choice in how and when you pay; and even better – PayPal will help put money back in your pocket.”
Joerg adds, “This is PayPal’s biggest ever investment in product development for our customers in Germany. We cannot wait to launch nationwide in the coming weeks.”
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