04 May 2015

PayPal trials mobile NFC payments in Sweden

20 December 2011  |  9150 views  |  0 iphone apps on screen

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.

KeywordsEFTPOS

Comments: (0)

Comment on this story (membership required)
Log in to receive notifications when someone posts a comment

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board, sign up now.

Related blogs

Create a blog about this story (membership required)

Related stories

08 December, 2011
25 November, 2011
04 November, 2011
15 September, 2011
14 July, 2011
30 June, 2011

Related company news

 

Top topics

Most viewed Most shared
Visa Europe opens innovation hub
8326 views comments | 35 tweets | 20 linkedin
Deutsche Bank to allocate EUR1 billion to...
5544 views comments | 43 tweets | 19 linkedin
MasterCard to buy analytics house APT for...
5320 views comments | 16 tweets | 5 linkedin
Barclays launches £100 million fund f...
5163 views comments | 18 tweets | 10 linkedin
Malawi takes steps to create a digital pay...
4202 views comments | 17 tweets | 10 linkedin

Featured job

Competitive
New York City, NY, USA

Find your next job