PayPal's quest to replace the leather wallet with a mobile handset has moved closer to fruition with the release of a bundled app incorporating bank and card payments, loyalty redemption, credit lines, P2P money transfer and high street shopping.
Consumers can use the app to search for, check-in and shop at participating retailers on the go, and choose from a variety of payment options, including bank accounts and debit and credit cards.
For the first time, users can also apply to finance their purchases from inside the app by selecting a 'Bill Me Later' option. Alongside the usual coupon redemption and discount options, users additionally have the opportunity to get flexible financing and promotional offers such as "six months to pay on purchases of $99 or more" from participating PayPal retailers.