PayPal is a payment service that has amassed over 100 million users worldwide- mainly owing to the simplicity it offers and the safety features it offers for online transactions.
What are the benefits of getting a PayPal account?
- You can shop safely and securely online
- It’s easy to use
- It’s guaranteed against fraud
- Using PayPal saves you time
- Sending money abroad is simple
- You can earn credit card points on purchases
- Basic requirements include a valid email address, a valid credit card or a bank account
- Operating a basic PayPal account is free
More about PayPal Accounts now being linked to Android Pay:
When PayPal Accounts are linked to Android Pay it makes it much easier to make remote and online payments.
PayPal users can now make payments at physical retail outlets from smart devices. This means that PayPal is one of the funding options you can choose when you use your smartphone to buy goods and services at selected stores.
What this means for consumers:
This new service links to PayPal’s growth strategy, thereby increasing its reach into traditional marketplace where cash and credit cards have previously dominated. In the African market, non-traditional payment methods are more popular. This is largely owing to the vast number of people who are unbanked. This move by PayPal is also in response to the staggering and widespread growth in the use of mobile phone across Africa.
An opportunity also exists for PayPal where there is a lack of infrastructure and technology for business.
One of the main advantages of setting up a PayPal account is that it only requires an email address and there are also no credit checks.
Tapping and paying with PayPal will work like it does with your attached credit cards at any location where Android Pay is accepted.
PayPal confirmed that its Android App would be able to handle NFC transactions at the Mobile World Congress in February.