In March 2012, Paypal announced the launch of a new mobile payment solution for small traders. Baptized Paypal Here, the service consists of a dedicated mobile application and a mini card reader easily linked to an iPhone, which acts as a payment terminal.
However, unlike the solution offered in the United States, Paypal Here will be presented in Europe in the form of a plastic box for smart cards, where users will be able to enter their pin code. The solution will be called “Chip and Pin”.
For its part, Square unveiled yesterday a new cash register kit dedicated to small traders.