PayPal Launches Contactless Payment in Germany
PayPal is set to revolutionize payment methods in Germany with the introduction of its contactless mobile wallet. This innovative feature, similar to Apple Pay and Google Pay, allows users to pay at checkout terminals using the PayPal app.
Enabled by the European Digital Markets Act, this development marks a significant shift, as it grants alternative providers access to the NFC interface of iPhones. Initially launching in Germany, the feature will enable users to make payments using Android and iOS devices, offering an alternative to existing services.
Additionally, PayPal introduces a versatile payment option, allowing users to pay in installments, coupled with a cashback system for contactless transactions. This strategic move positions PayPal as a formidable competitor in the contactless payment landscape.
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