PayPal Confirms Mobile Payment Rumors Via Home Depot Partnership

PayPal has revealed that the rumors are, in fact, true. PayPal and Home Depot are experimenting with mobile wallet services at select Home Depot stores. The trial testing allows shoppers to purchase items at checkout either directly through their mobile device or through a special PayPal card. Although PayPal’s mobile wallet aspirations are only four …   Read More

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PayPal has revealed that the rumors are, in fact, true. PayPal and Home Depot are experimenting with mobile wallet services at select Home Depot stores.

The trial testing allows shoppers to purchase items at checkout either directly through their mobile device or through a special PayPal card.

Although PayPal’s mobile wallet aspirations are only four months old, the company has aggressively pursued any available channel that could help the service take root and grow rapidly in the coming year.

“Home Depot is the first retailer to roll out a limited pilot program for our new POS technologies,” admits PayPal director of communications Anuj Nayar on the PayPal Blog. “We frequently run trials with our retail partners. The Home Depot pilot is currently being run in five stores and involves a small number of PayPal employees.”

Optimism for PayPal’s chances of success in this endeavor remain high, particularly in light of the company’s 100-million strong user base.

“Stay tuned throughout the year as we continue to re-imagine money and make it work better for merchants and consumers – whatever device you’re on, wherever you are in the world, and however you prefer to pay,” Nayar says.

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