More retailers banking on PayPal for mobile commerce
As the mobile payments technology continues to emerge, several of the key players are banking on NFC , or Near Field Communication, to entice consumers to pay for merchandise and services with their smartphones. Google has their Google Wallet, Mastercard has their PayPass Wallet and Visa is pushing their V.me digital wallet service. But PayPal , who has been around over 10 years in the online payments arena, is now turning their attention to offline retailers and small business. According to PayPal executives, this market is 17 times larger than the online sector. They launched "PayPal Here" in March as a mobile payment solution that allows small business to accept almost any form of payment by using a free app and a small credit card reader for the iPhone and Android devices. PayPal, who now list 110 million users, recently announced on their blog that they have joined forces with VeriFone and Equinox, the number one and number three point-of-sale terminal manufact...