Paypal Introduces QR Codes for Retail Payments

QR codes are getting a small push from PayPal – the company is introducing a mobile payment system that uses the not so popular technology. Merchants who want to use the new payment service, PalPal Beacon,  can opt to let customers scan a QR code or simply by using a four digit code to validate the payment. Customers must install a PayPal app to participate.

From Paypal’s official announcement:

This new technology lets consumers make purchases by scanning a QR code on their mobile phone, or receive a short four-digit code on their phone to complete a purchase. Payment code is an extension of our offerings for enhancing the payments experience in-store. Our approach isn’t to push technology for technology’s sake, but to truly make the paying experience better for consumers and to give merchants more opportunity to innovate without a costly investment. Payment code is easy to use and understand and utilizes a ubiquitous technology that merchants have and are familiar with.

 

 

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