PayPal launches mobile payments SDK for iOS, expands API library
PayPal is rolling out a series of new tools enabling developers to offer more frictionless payment experiences within their mobile applications.
The tools include a new software development kit optimized for Apple's (NASDAQ:AAPL) iOS mobile operating system. "Customers never leave the developer's app experience to pay and they have more choice in the way they want to pay--simply click a PayPal button or scan a credit card using our card.io technology," explained PayPal CTO James Barrese. Card.io's data capture technology automatically reads credit card information using a smartphone's camera; PayPal acquired the platform in mid-2012.
"We're making [the SDK] available for iOS developers first, but we'll expand to other platforms soon," Barrese added.
"We will be releasing new APIs and capabilities throughout 2013, while continuing to support our existing developer tools through this evolution," Barrese stated.
eBay-owned PayPal connects 123 million registered accounts across more than 50 financial networks in 190 markets worldwide. The unit's mobile efforts include PayPal Here, which enables small businesses and other users to process credit and debit transactions by swiping cards through a dongle that attaches to their smartphone or tablet. In addition, PayPal is teaming with retail chains including Home Depot, Abercrombie & Fitch, American Eagle Outfitters, JCPenney, Foot Locker, Office Depot and Toys "R" Us to trial mobile wallet services across more than 18,000 physical U.S. stores.
- read this PayPal Blog entry
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