NFC Times Exclusive Insight – Agreements that were announced with Visa, Discover and, last week, Mastercard may finally help PayPal reverse years of failed attempts to enable customers to pay with its PayPal Wallet in stores.
PayPal confirmed to NFC Times that its new Wallet app would be available later this year, as it joins the list of other NFC-enabled wallet providers (See table below).
PayPal will release the update to its Wallet app, transforming it into an “in-store digital wallet” that uses NFC and is expected to support host card emulation, enabling customers to pay with their preferred bank cards or PayPal balance.