PayPal expanding mobile wallet trial to 2,200 Home Depot stores
PayPal will expand trials of its new mobile wallet services to more than 2,000 Home Depot stores across the U.S., enabling consumers nationwide to pay for items at checkout via mobile device or a special PayPal card.
PayPal director of communications Anuj Nayar told Bloomberg the digital commerce company will roll out mobile wallet services to all 2,200 Home Depot locations in the United States by March. PayPal is presently testing the technology in about 51 Home Depot stores, most in the San Francisco region. Nayar added that PayPal will extend the trial to 20 additional retailer partners by the end of 2012.
eBay-owned PayPal first revealed its brick-and-mortar payment plans in September 2011, promising to introduce digital commerce solutions optimized across all devices, not just mobile phones, and encompassing funding options including cash, credit and installments. In addition to mobile and point-of-sale payments, PayPal will launch geo-targeted mobile advertising campaigns, barcode scanning tools and real-time inventory data.
PayPal boasts more than 104 million active users in 190 countries, with more than 8 million merchant partners. PayPal handled more than $4 billion in mobile payments in 2011--the company is expected to top $7 billion in mobile payment volume this year, according to eBay CEO John Donahoe.
The expansion of PayPal's mobile ambitions coincides with its search for new leadership: Earlier this month, PayPal president Scott Thompson was named CEO of Yahoo.
- read this Bloomberg article
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