Aussies will be able to use their PayPal accounts to buy a meals in thousands of restaurants and cafes around Australia under a deal announced today.
The deal which will let the 5 million active Australian PayPal users to pay with their digital wallet at the 2000 restaurants using the Catch Group's online and mobile takeaway ordering site EatNow and with the more than 1000 cafes, bars and restaurants using the hospitality point-of-sale provider OrderMate.
The deal comes a week after Visa launched V.me, its digital wallet which will be in the market by Christmas, and a few months after MasterCard announced Australians would be the first to use its MasterPass digital wallet.
Mr Ferguson said today's announcement was part of PayPal's strategy launched a year ago to expand from being a system that simplified payment in online transactions.PayPal's US-based vice president of global product Hill Ferguson, who was in Sydney to announce the deal, said "We realised about a year ago with that digital wallet, for it to truly be essential to consumers lives, we need to give them access to it in their everyday life," he said.
"When you're getting your morning coffee or buying your groceries or getting a sandwich for lunch, PayPal was not relevant in consumers' lives a year ago.
"And now we're starting to innovate at the retail point of sale,""
PayPal customers can use the app to find nearby businesses that accept the form of payment and, in some cases, order ahead so that their takeaway is ready when they come to pick it up.