Monday 13 June 2011

PayPal to move into point of sale

PayPal President Scott Thompson, interviewed in Sydney by the ABC's Alan Kohler had this to say:

"There are three options that we're working on for the consumer to engage us at point of sale. Certainly a mobile phone is one of those options and there will be two other options that we offer consumers that'll be unique.

"They're not going to ride the existing rails that the credit cards do. There'll be a new - whole new experience, a whole new infrastructure, whole new message format, and we think it's one that's dramatically better than what's there today for the merchant and for the consumer.

Transcript & video at:

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