PayPal has begun testing a contactless mobile payments application in Sweden, teaming with two major retailers for the Christmas pilot.
The PayPal Instore apps for iPhones and Android devices link to NFC stickers that users attach to the handsets, according to Mobile Payments today, which first reported the news.
These stickers are being provided by ski and sports equipment retailer Alpingaraget and computing outfit Webhallen at their Stockholm stores over the holidays.
Customers can then swipe their handsets against readers to make low-value payments, with the purchase displayed on the mobile for them to confirm.
Local mobile financial services specialist Accumulate has been working on the system with PayPal while manufacturer Point has provided the payments terminals.
Competitive DOEUK, London
© Finextra Research 2014