Addition of five new retail partners takes number of physical stores supporting the technology to 18,000.
PayPal’s mobile wallet service is to be introduced to five new US retailers, taking the total number of physical stores that incorporate the technology to 18,000.
The new partnerships with RadioShack, Dollar General, Famous Footwear, Mapco Express and Spartan Stores are to be followed by a further two un-named retail partners, with PayPal claiming that the deals have been signed and will be announced soon. At the end of 2012, the firm had mobile wallet partnerships in place with 23 retail chains across the US.
Meanwhile, according to reports from TechCrunch, PayPal and Jamba Juice are currently testing a new ordering service designed to allow customers to pre-pay for their order through PayPal and arrange a pick-up time, therefore cutting out customer queues.
Having cited the mobile wallet as a superior alternative to NFC (Near Field Communication) and other m-commerce technologies, PayPal recently took a swipe at such mobile payment services as the Google Wallet, with the company’s vice president of retail services stating: "Some of the competition has stumbled with alternative technology offerings that don't address true customer pain points--they have created technology, just for technology's sake."