PayPal Announce NFC Upgrade, Mobile Wallet Partnership with Vodafone

 

DUBLIN, February 22, 2016 /PRNewswire/ — The global NFC chips market is expected to grow at a CAGR of 50.6%[1] over the period 2015-2019, according to a report available on Research and Markets. NFC-enabled devices have become increasingly popular among consumers, allowing them to save their credit card information and make payments directly at NFC-ready POS terminals. 

Today at the Mobile World Congress, PayPal announced it will upgrade its app to support NFC technology and partner with Vodafone for contactless payments.      (Logo: http://photos.prnewswire.com/prnh/20130307/600769[2] ) This partnership sees PayPal expand beyond its traditional business model of processing payments into a mobile wallet platform. It will now seek to rival competitors Visa and MasterCard, allowing users to make payments in locations such as shops and

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