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PayPal Inc., a pioneer in alternative online payments, is now seeking to stake a new claim in the burgeoning and increasingly congested mobile payments space — and what sets it apart may be a three-year-old acquisition.
November 4 -
PayPal is pushing harder in mobile payments by promising near-field communication support for Android handsets.
July 13
PayPal Inc. has delivered on its promise to activate contactless payments for its mobile wallet.
The eBay Inc. subsidiary said Tuesday
Using NFC, PayPal customers can exchange money by tapping their phones against each other. The process is similar to the "bump" system PayPal uses on non-NFC phones, such as Apple Inc.'s iPhone. Such phones use a built-in accelerometer to detect the bump.
PayPal also updated some aspects of the app's interface.