Shoppers in the Netherlands can now use their PayPal accounts to order ahead and pay for goods and services at 1500 high street locations through a partnership with Rabobank-backed MyOrder.
The integration with PayPal enables users “to order and pay for food or drinks ahead of arriving at a cafe; to pay at the table in a restaurant without calling over the waiter, or pay for parking without searching for the closest meter”, according to press release. By clicking on the local tab, app users can see participating local businesses nearby, swipe to check-in to the one they want, and pay directly with PayPal.
Bankinnovation.net consider that what’s important about this deal is that it signifies a new strategy for PayPal partnerships with financial institutions. „A source with inside knowledge of the deal tells us that PayPal views the deal with MyOrder as “how they want to deal with FIs going forward”.”
MyOrder, in which Rabobank acquired an 80% stake in 2012, manages orders for the hotel, restaurant and Dutch cafeteria sector. Payments run via Minitix, the Rabobank sms payment system.
It is one of many such partnerships that PayPal is signing to bring mobile payments to life:
• In Germany, PayPal announced a trial with payleven that will introduce cashless payments nationwide, while partnership with orderbird is expanding PayPal Check-In beyond Berlin to 70 towns and cities around the country;
• In France and Austria, McDonald’s customers can order ahead and pay with PayPal before picking up their food at a restaurant of their choice;
• Visitors to Westfield London, one of largest shopping and leisure destinations in the UK, can pay for parking from their PayPal app without having to fumble for change.
Last year, of the $180 billion of payments processed by PayPal, $27 billion were made from a smartphone or tablet. That was up 99% on the previous year.
After 15 years of managing electronic payments, there are 152 million PayPal account holders across 203 markets around the world. PayPal reportedly has about 1.3 million users in the Netherlands.
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:
