Retail in Asia

In Trends

PayPal strikes deals with 15 retailers

PayPal has made deals with 15 retailers including Toys R Us, J C Penney and Barnes & Noble that will allow consumers to pay for purchases with their mobile phones while expanding the online payment company’s service into additional physical stores.

Earlier this year Home Depot began accepting PayPal in about 2,000 stores.

For retailers, the service may attract more shoppers, provide more information about consumers, and help reduce costs associated with credit card payments.

(Source: CNBC)