According to the same source, PayPal is set to partner two Swedish retailers - ski and sports equipment retailer Alpingaraget, and the Webhallen electronics store. NFC payment capabilities will reportedly be made available at both retailers Stockholm locations.
The new app, dubbed PayPal Instore, employs NFC stickers distributed via its retail partners and attached to smartphones to enable purchases at NFC-enabled point of sale terminals. Customers download the app available for iPhone or Android smartphones, link it to a tag and swipe their phones over the terminal. The app then displays the purchase, as well as any applicable discounts, so the customer can confirm the purchase.
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