As PayPal and Visa Extend Agreement to Asia-Pacific, PayPal Wallet Users Still Wait for In-Store Payments with NFC

NFC Times Exclusive – Visa and PayPal on Tuesday announced an extension to Asia-Pacific of last year’s agreement to work together on digital payments in the U.S., including opening up Visa tokenization and Visa payWave-enabled terminals to PayPal users for in-store NFC transactions.

Still, despite announcing the original deal with Visa last July and making an earlier announcement promising a launch in 2016, PayPal has yet to roll out its in-store payments service in the U.S. or elsewhere for its own PayPal wallet app using host card emulation. That puts the service about a year behind PayPal's original pledge to launch.

A representative from PayPal told NFC Times recently that the company would enable in-store NFC payments from its own app sometime this year, explaining that the company has been occupied the past year with the partnership deals. In addition to the agreement with Visa, PayPal announced several other deals, including those with Mastercard, Discover and Citigroup over the past several months. 

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