The popular online purchase payment is reaching out to consumer with new offer called PayPal Wallet, a new digital wallet solution that goes beyond the ubiquitous credit card and debit card payment platform.

“PayPal is not about replacing a card swipe with a phone tap at point of sale. We are reimagining money to free it in its digital form so that it can work better for everyone. These features and examples are only the beginning: moving forward, we’re only limited by our ability to imagine what’s possible.” said said Sam Shrauger, PayPal’s vice president of global product and experience at SXSW conference in Austin, Texas.

imageConsumers with a PayPal account will be able to use the digital wallet service when shopping in brick-and-mortar stores as well as remote purchase from home through a computer or a tablet

One of the highlights of the new digital wallet is  consumers can make a purchase and decide within seven days how they want to pay for it. Users can also create shopping lists and budgets with the wallet. Another feature will let shoppers use different sources of funding — say frequent-flier miles and a gift card — to pay for a purchase. The new features will start rolling out in late May.

PayPal rolled out its mobile payments platform to all of Home Depot’s nearly 2,000 locations nationwide just a couple of months ago.

Part 1/2
Part 1/2
Future of Shopping

[Video courtesy of CBS/Cnet]

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