The Asian Banker

Mobile payments market continues to heat up with PayPal Here UK launch
PayPal launches new mobile payments service allowing small businesses to process credit and debit transactions through new card-scanning device, beating rival Square to euro market.

Feb 25, 2013 | Magessan Raj

In a bid to outperform its closest rivals in the mobile payments service, PayPal recently announced plans to introduce a European version of its PayPal Here mobile payments service for small merchants – in the form of a new credit card reader – with initial penetration of the service focused in the UK, followed by subsequent release in other European countries. While a definite launch date and pricing for the service has yet to be revealed, the online payments specialist will seek to gain the loyalty of small businesses based in Europe through its latest offering, having successfully…

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Categories: Channels, Mobile Banking, Retail Banking, Retail Payments, Technology & Operations
Keywords: PayPal, PayPal Here, Square, Intuit Pay, mPowa, Payleven, iZettle, Hill Ferguson
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