20 Sep, 2011

PayPal will have payment systems for stores

PayPal is developing a system that integrates the well known online payment method with the real world.

According to PayPal's official blog, "PayPal is re-imagining money and making it work better for merchants and consumers – whatever device you’re on, wherever you are in the world, and however you prefer to pay (whether that’s cash, credit, or installments)".

The new system will work on the existing payment terminals. In order to proceed with payment, reading barcodes will be needed. The client will then use it's mobile number as well as a PIN code, in order to complete the purchase.

On an advertising video, PayPal presents a highly technological future, where online payment methods interact with traditional ones, enabling a reality with multiple payment solutions and even of possibilities to interact with tecnology.