PayPal announced yesterday that they will be bringing their PayPal Here service to the UK and Europe, allowing customers to use Chip and PIN with existing cards to pay for items at small business, that would usually only ask for cash or cheque, customers can also pay for items through their PayPal accounts.
The retailer would basically use a portable Chip and PIN device with their mobile phone in collaboration with the PayPal Here application.
PayPal Here is designed to make it possible to accept payments for those businesses that traditionally rely on cash or cheque. The portable Chip and PIN device will connect with the retailer’s mobile device to provide a secure data connection to enable the services, in collaboration with the PayPal Here app.
The service will launch in the UK over the next few months, and then make its way to Europe from March, you can register interest at, paypal.co.uk/here.