PayPal’s New Digital Wallet Will Offer Personalized Deals, Flexible Payment Spending, And More. We’ve been hearing recently about PayPal’s in-store payments platform for large retailers (which will soon be rolled out to small businesses as well). But we haven’t seen PayPal do much in the past few months with its plans for its digital wallet on the consumer side. We know PayPal has a major vision for how payments will be made in the future, but today, the company is giving us a glimpse of exactly what new features will be added to the platform in the coming year. As PayPal’s director of communications Anuj Nayar tells us in an interview, “PayPal is changing, and this is the first major revamp of the core PayPal product. We’re known as an online payments brand but this is all part of PayPal becoming an actual wallet.” Sam Shrauger, Vice President of Global Product and Experience for PayPal, says that the “new PayPal” will “let consumers do things with their money that have never been possible before.”
But there are a few things in PayPal’s favor. PayPal Takes Payments Offline With "PayPal Wallet" 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. This gives PayPal a huge immediate advantage. Mobile payments enabled by NFC, however, still have the advantage of allowing consumers to choose which payment method to use before tapping a payment terminal.
Even so, PayPal is not known for its exploits beyond payments. Paypal prépare son propre Wallet pour les paiements offline. La filiale d'eBay lancera dans les mois à venir un moyen de paiement à utiliser en boutique, qui ne se limitera pas au NFC. La filiale d'eBay travaille au lancement, dans les 12 prochains mois, de "Paypal Wallet", qui vise à se substituer au paiement par carte bancaire dans les magasins physiques. Ce nouveau moyen de paiement, présenté officiellement le 3 novembre, permettra à ses utilisateurs de payer à partir de plusieurs comptes, de conserver et d'utiliser des cartes cadeaux, de bénéficier de réductions et de sauvegarder les tickets de caisse. En outre, contrairement aux solutions de porte-monnaie électroniques présentées par Google ou Visa, Paypal Wallet n'utilisera pas uniquement une technologie de paiement sans contact et fonctionnera donc également sur les téléphones ne proposant pas le NFC.
Les consommateurs réglant leurs achats en boutique pourront également payer sur des terminaux dédiés grâce à une carte de crédit Paypal, ou en tapant un code pin Paypal. PayPal's Response to Google's Payment Plans: A Wallet in the Cloud - Tricia Duryee - Commerce. PayPal unveiled its plan for mobile payments space yesterday at an event in Rancho Palos Verdes, Calif., where it revealed how it would compete in the physical retail world. Ironically, the event took place at Terranea, which was the same resort where Google demonstrated its Wallet and Offers platforms at the D Conference only three months ago. Since then, not only has the space heated up, with all the major players announcing their plans, but so has the rivalry between the two Bay Area companies.
PayPal filed a lawsuit against Google for stealing trade secrets and key employees, and now they will compete for the attention of merchants and consumers. In an interview, PayPal’s president, Scott Thompson, explained how the online payments leader was different, and why he believes the space will take off “faster than you ever imagined.” Thomson, in his thick Boston accent, was eager to share his side of the story, after hearing so many other competitors go before him. What about NFC? PayPal pas intéressé par le NFC... Vraiment ? PayPal fait décidément beaucoup parler d'elle ces temps-ci (j'espère ne pas vous lasser d'y revenir sans cesse) et le lancement récent de Google Wallet n'y est certainement pas étranger.
Le sujet du jour est justement celui de la technologie NFC de paiement sans contact sur mobile, qui constitue le cœur de la solution de Google et qu'eBay et sa filiale se délectent à dénigrer. Mais les apparences peuvent être trompeuses... Commençons par analyser les critiques de PayPal vis-à-vis de son (potentiel) concurrent et du paiement sur mobile sans contact en général. La première d'entre elles est classique et je l'ai déjà moi-même maintes fois soulignée : l'équipement des commerçants est encore marginal et la rareté des téléphones embarquant la technologie NFC en limite l'adoption par les consommateurs, ces deux facteurs se renforçant mutuellement pour ralentir la progression. Face à ces freins, quelle est la stratégie de PayPal ? eBay CEO Pooh-Poohs NFC, Says Chains Won’t Permit It. eBay CEO John Donahoe argued Wednesday (July 20) that PayPal will dominate in both mobile payments and in-store POS, mostly because few retailers will end up being able to stomach deploying unproven near-field communication (NFC) applications at their ultra-critical POS.
Taking a direct swipe at Google Wallet—and, to a lesser extent, ISIS and Apple—Donahoe said that NFC is simply too unproven and that PayPal is a more comfortable choice. "I was with a large merchant last week who described NFC as Not For Commerce," Donahoe said during a quarterly earnings call. That is "simply because when you're a large merchant and you have 500 stores and 14 checkout lanes per store, you want zero friction at checkout and point of sale. And they're not going to allow anything that has friction. No proprietary systems. " Beyond proprietary hardware and software, the lack of industry standards will also be a big help to PayPal, he said. The complicating factor is consumers. PayPal On Barriers To Google Wallet: Mass Adoption Of NFC Is Years Away. As you may have read, Google officially launched its mobile payments platform Google Wallet recently, which allows you to pay for products in the real world by tapping your NFC-enabled Android phone against a compatible card reader.
Shortly following the initial announcement of the technology in May, payments giant PayPal went on the offensive, filing a lawsuit against Google and two former PayPal executives who now are in charge of mobile payments at Google. Allegations of “misappropriation of trade secrets, and “breach of fiduciary duty” were thrown out against these individuals. Clearly, it’s messy. While the lawsuit itself spoke volumes about PayPal’s view on Google Wallet, the eBay-owned company has not really commented on Google Wallet over the past few months. Until now. We sat down with PayPal’s director of communications, Anuj Nayar, who candidly gave me the company’s opinions on Google Wallet and NFC technologies.
PayPal... et les autres. How Google, eBay, And PayPal Are Gearing Up For A Very Mobile Holiday Shopping Season. Online holiday shopping reached record levels in 2010. And e-commerce spending is up this year. All signs point to consumers spending even more online this holiday season. I sat down with executives from Google, eBay, PayPal and ShopKick to discuss the trends that are expected to emerge in the e-commerce space over the next few months. They center around mobile, tablets, and deals. PayPal has more than doubled its mobile payments volume since the 2010 holiday shopping season, and we haven’t even hit the thick of this year’s rush. eBay is projecting $5 billion in mobile payments volume in 2010 and this number could increase in the next few months.
And Google projects that 15 percent of total search on Black Friday (the day after Thanksgiving and one of the biggest shopping days of the year) will come from mobile devices. Tablet devices are now a part of the online shopping experience and retailers are taking note. Mobile, Mobile, Mobile Tablets Beyond Black Friday And Cyber Monday Deals.