PayPal CEO announces NFC payments expansion in Europe for this year
Vodafone Wallet with PayPal NFC-enabled payments is now live in Spain and is expected to be made available across Europe throughout the “back half of 2016”, PayPal CEO Dan Schulman revealed during the company’s Q1 earnings call. He also discussed the new PayPal Android app that brings with it NFC functionality.
PayPal“Our partnership with Vodafone in Europe will have tens of millions of European customers [able] to use PayPal as their preferred way to fund their payments,” Schulman told investors. “We are now live in our first market, Spain, and we anticipate expanding across Europe throughout the back half of 2016.
PayPal processed US$21bn in mobile payment volume during Q1, a growth of 54% from the same period last year and the number of payment transactions per active account increased to 28, up 12% from 2015. PayPal’s Venmo P2P mobile payment app also processed nearly $3.2bn in payment volume in Q1, up more than 150% from last year.
Vodafone Wallet partnered with PayPal to enable PayPal NFC payments through the service in February this year.
Source: nfcworld.com
Anders Olofsson – former Head of Payments Finastra
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
