PayPal Makes Bold Prediction… Will It Happen?

Don Kingsborough, head of retail at PayPal, says he fully expects PayPal to be in two million retail outlets by the end of 2013. According to MobilePaymentsToday, it’s a bold prediction but one that may, indeed, manifest. Today, PayPal partner Discover announced contracts with 50 merchant acquirers, extending in-store acceptance of PayPal to — you …   Read More

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Don Kingsborough, head of retail at PayPal, says he fully expects PayPal to be in two million retail outlets by the end of 2013.

According to MobilePaymentsToday, it’s a bold prediction but one that may, indeed, manifest.

Today, PayPal partner Discover announced contracts with 50 merchant acquirers, extending in-store acceptance of PayPal to — you guessed it — more than 2 million merchant outlets by the end of 2013.

“With the signing of 50 merchant acquirers to date, we are well on our way toward helping PayPal reach its goals of acceptance at millions of physical locations in the U.S.,” says Diane Offereins, president of payment services at Discover. “Our relationship represents the unique abilities we have to leverage our payments assets and infrastructure to work with emerging payments leaders like PayPal, and we’re proud of the progress we’ve made in such a short time.”

As of this writing, there are some 55 million PayPal account holders in the United States.

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