PayPal says the time is right for wearable payments

PayPal says the time is right for wearable payments

Paypal is to be the first payments provider for Samsung's new range of Gear 2 smartwatches.

The Gear 2 is Samsung's second attempt at launching a wearable device with mass appeal for consumers. The refashioned Gear 2 and lighter companion watch Gear 2 Neo boast a heart rate sensor, a pedometer and various tools to measure exercise, sleep and stress levels.

The watches come packed with an embedded camera and run on Tizen OS, a fledgling proprietary mobile operating system from Samsung, rather than Google's Android software.

The PayPal app - available from April - will enable Gear 2 owners to check-in to pay at local stores, save and redeem offers, send money to a friend instantly, and receive payment notifications while on the go.

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