The partnership will enable PayPal customers to link their accounts to Vodafone Wallet, allowing them to use Android smartphones to make contactless payments. According to PayPal’s European CEO, this marks the first time PayPal users will be able to make contactless payments.
The announcement marks the next step for Vodafone in the payments space, after adding contactless payment capabilities to its Wallet at the beginning of last year, allowing users topay using MasterCard and Visa.
The network explained that its latest collaboration will see it expand the service to target ‘millions’ of new customers.
Stefano Parisse, group director Consumer Services, Vodafone Group said: ‘We are excited to allow millions of PayPal customers to make payments at the physical point-of-sale using their Vodafone Wallet, which provides highly secure mobile payments. Vodafone customers will now enjoy the ability to use PayPal to fund payments made using the Vodafone Wallet.
PayPal CEO Rupert Keeley said: “Money is going digital, and the smartphone is at the centre of this transformation. Our partnership with Vodafone will enable millions of our customers in Europe to make contactless payments for the first time in their favourite high street stores using their mobile phones.”
“The agreement will enable millions of PayPal customers in Europe to opt to use the Vodafone Wallet to pay for goods and services at the point of sale using their phones with a Vodafone NFC SIM, currently supported by more than 70 Android smartphone models,” PayPal says. “PayPal customers in several European countries will be able to choose to add their accounts to the Vodafone Wallet during 2016.
Vodafone customers cannot link their PayPal accounts just yet, with a launch date being released at Mobile World Congress taking place between February 22 and 25. The Vodafone Wallet is currently available in Germany, Spain, the UK, Italy and The Netherlands.
Source: nfcworld.com
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:
