Today is Donnerstag, 23rd Februar 2012

PayPal pilots NFC payment in Sweden

According to different sources (mobilepaymentstoday.com, computerworld.ch, mobilecommercedaily.com) PayPal has launched an NFC pilot in Sweden. The payment method will be accepted at two Stockholm retailers: sports equipment provider Alpingaraget and electronics outlet Webhallen.

PayPal uses an NFC Sticker with the credentials of the user for the identification of the payee at the POS. Thus non-NFC mobile phones can be used as well for payment. This is also mentioned, that the pilot be limited to the time period between Christmas and New Year. It also seems that the authorization of the payment is done online, the confirmation of the transaction can take up to 30 seconds. (Which actually makes payment slower and not faster).

At the point of sale, Terminals from Point AB are used. Point AB is the largest acquirer in northern Europe and was acquired by Verifone in November 2011.


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