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PayPal card coming soon

21/10/2009

PayPal will be a ubiquitous part of the Australian payments landscape within 18 months, says outgoing Australian managing director Dinuke Ranasinghe. Ranasinghe said PayPal is rapidly migrating off the net and onto cards and mobile devices.

“We are the most preferred online payment method now according to Nielsen 2009, and it is a natural progression for PayPal to move into the physical space,” said Ranasinghe, pointing to a slide picture of a PayPal card touching a contactless reader.

Speaking at the Smartcards and Innovative Payments Conference in Canberra yesterday, Ranasinghe said PayPal is already one of the most downloaded iPhone applications globally with other mobile payments spin offs, such as Invoice2Go, gaining market traction.

Source: The Sheet

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