PayPal’s recently released an application which incorporates bank and card payments, loyalty redemption, credit lines, P2P money transfer and high street shopping. Consumers can use the app to search for, check-in and shop at participating retailers on the go, and choose from a variety of payment options, including bank accounts and debit and credit cards.
For the first time, users can also apply to finance their purchases from inside the app by selecting a ‘Bill Me Later’ option. Alongside the usual coupon redemption and discount options, users additionally have the opportunity to get flexible financing and promotional offers such as „six months to pay on purchases of $99 or more” from participating PayPal retailers.
“It looks like the Universal app for Banking / Shopping. Let us see how the adoption is”, says an user, commenting on the Finextra story.
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: