PayPal Takes Payments Offline With “PayPal Wallet”

[snakeair]

I knew PayPal would get in this game sooner or later. Check out this blog post for some information.

Google isn’t the only unorthodox player moving into the offline payments space. PayPal, like the search giant and Visa, is planning to launch a “Wallet” product that aims to replace traditional credit cards at registers.

“If someone had told me ten years ago that PayPal would be doing offline payments, I would have laughed,” said Laura Chambers, PayPal senior director of customer experience, at a showcase for the new PayPal Wallet Wednesday. “[but] it’s no longer going to be about online or offline commerce, ecommerce, m-commerce. It’s just going to be about commerce.”

PayPal Wallet, which is set to start rolling out within the next 12 months, is like its competitors’ counterparts in many ways. It allows users to pay from multiple accounts, store....

Continued at: http://mashable.com/2011/11/02/paypal-wallet/

Your thoughts so far?

[judithaparri]

This is a good news from Paypal. Use of credit cards sometimes are threatening to other users. Hope this one is much non-threatening than that.