![]() Global analysts Gartner predict worldwide mobile payment transactions will grow dramatically from $105.9bn (£68bn) in 2011 to $171.5bn this year. The PayPal inStore app is available for Android and Apple iOS (iPhone and iPad) devices. Paypal has been trialing its technology in a similar tie-up with Pizza Express over the last year but it said the Aurora deal was the beginning of a bigger push on to the high street that will see it team up with more stores throughout 2012. Paperless Post accepts all major credit cards, including VISA, MasterCard, Discover and American Express. We've created a simple, secure way to use a mobile phone to pay in your favourite stores," said Cameron McLean, managing director of PayPal UK. "Today marks the start of a quiet revolution in the way we shop on the high street. The system works whether or not there is a phone signal in the stores. ![]() Once the barcode is scanned, payment is taken from the PayPal account. The app will be linked to the mobile phone owner's PayPal account and accessed through a unique Pin. Post Office's announcement comes on the same day that internet payments giant Paypal announced it had teamed up with the clothing chain that owns Warehouse, Oasis, Coast and Karen Millen to allow its customers to pay instore using their mobile phonesįrom Thursday, all the four women's clothing stores owned by the Aurora Fashions Group will be equipped with scanners that can read a unique barcode generated by the Paypal inStore mobile phone app. Royal Bank of Scotland, which includes NatWest, has some contactless debit and credit cards in issue, while Lloyds has issued 1.5m contactless cards (including those held by Halifax customers), which will rise to 2m by the summer. In May, it started a gradual roll out of such cards to customers as their current cards expire.īarclays/Barclaycard has been the undisputed leader in contactless card provision, with almost all its credit and debit cards now contactless. HSBC recently became the latest bank to begin arming its customers with contactless cards. Payments using the technology will be limited to up to £20. Once installed, holders of MasterCard PayPass or Visa payWave cards will be able to use the readers, along with the limited number of people with Near Field Communication (NFC) equipped mobile phones. "Contactless will bring huge benefits to our customers by increasing choice and reducing transaction times," said Lesley Sewell, chief information officer at Post Office Ltd.Ĭontactless technology allows customers to pay for goods by waving their card over a specially designed sales terminal without the need to input a pin.
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