Monday, April 13, 2015

For PayPal, mobile payments at retail level will only work with the creation of additional value in stores

Anuj Nayar, Senior Director of Global Initiatives, spoke with Convergencialatina on business in Latin America, which recorded six million active accounts. "The biggest opportunity is the possibility of ordering food in advance from the cell," he said.

PayPal conceives mobile transactions from two very different perspectives. On one hand, its traditional ecommerce business grows hand in hand of a massive platform like the cell: in 2010, less than 1% of total payments came from phones, and in 2014 this percentage rose to 20%. Furthermore, the cellular option grows at the level of retail payments, in stores that allow purchases with a mobile handset using Paypal accounts.

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