SAN JOSE, Calif., May 19, 2020 /PRNewswire/ -- PayPal
Holdings, Inc. (NASDAQ: PYPL) has today rolled out the ability to
use QR Codes to buy and sell goods in 28 markets around the globe.
From farmers markets to selling secondhand goods - the rollout of
the QR code functionality in the PayPal app allows customers to buy
or sell in-person, safely and securely, and touch free.
"We know that in the current environment, buying and selling
goods in a health-conscious, safe and secure way is front of mind
for many people around the world. As the coronavirus pandemic has
evolved, we have seen a surge in demand for digital payments to
transition to include new and safe solutions for in-person
environments and situations," said John
Kunze, Senior Vice President of Branded Experiences, PayPal.
"Our rollout of QR codes for buyers and sellers incorporates the
safety, security and convenience of using PayPal in person and
enables ongoing social distancing requirements and safety
preferences for in-person commerce."
Additionally, to continue PayPal's efforts in assisting our
customers during this difficult period, for a limited
time, we are waiving our standard seller transaction
fees incurred on sales conducted using
a QR Code.
Safely buying and selling touch free - from the farmer's
market to selling secondhand goods:
Using the QR code
functionality in the PayPal app is a quick and safe way to complete
a transaction in-person utilizing a PayPal wallet, eliminating the
need to handle cash. For example, customers who are selling items
in-person at a farmer's market can print a QR code, place it on
their table and have their consumers simply scan, enter the amount
they're paying and send money immediately. This allows the seller
to minimize physical interactions with the customer, while also
limiting the customer's interaction with checkout technology. There
is no technology to touch or purchase – just aim a smartphone
camera at a QR Code that is printed or present on another
screen.
For a buyer looking to pay, customers can go to the PayPal app,
click 'Send' and tap the QR code symbol in the top right-hand
corner. The camera will open, and customers can scan a seller's QR
code and follow the prompts to complete the transaction. Sellers
can create a PayPal-generated QR code for by following the steps
outlined here.
PayPal is rolling this functionality out to 28 markets around
the globe including: Australia,
Austria, Belgium, Canada, Cyprus, Czech
Republic, Denmark,
Estonia, Finland, France, Germany, Greece, Hong
Kong, Hungary,
Ireland, Italy, Latvia,
Luxembourg, Malta, Netherlands, Portugal, Slovenia, Slovakia, Sweden, Switzerland, Spain, United
Kingdom, and United
States.
About PayPal
PayPal has remained at the forefront of
the digital payment revolution for more than 20 years. By
leveraging technology to make financial services and commerce more
convenient, affordable, and secure, the PayPal platform is
empowering more than 300 million consumers and merchants in more
than 200 markets to join and thrive in the global economy. For more
information, visit paypal.com.
Contacts
Investor Relations
Contact
Gabrielle Rabinovitch
grabinovitch@paypal.com
Akila Moorthy
amoorthy@paypal.com
Media Relations Contact
Joe Gallo
jogallo@paypal.com
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SOURCE PayPal Holdings, Inc.