PayPal today announced a (not entirely) new method of making contactless payments in 28 markets. The online payments provider has launched support for QR code-based transactions on its mobile app.
The company noted how QR code can help to minimize physical contact when making a payment, especially at a time when the spread of coronavirus (COVID-19) can be prevented with social distancing, among other measures. Customers only need to aim their smartphone camera at a QR code printed on a piece of paper or displayed on a screen and then enter the amount they're paying.
John Kunze, Senior Vice President of Branded Experiences at PayPal, said:
"We know that in the current environment, buying and selling goods in a health-conscious, safe and secure way is front of mind for many people around the world. As the coronavirus pandemic has evolved, we have seen a surge in demand for digital payments to transition to include new and safe solutions for in-person environments and situations. Our rollout of QR codes for buyers and sellers incorporates the safety, security and convenience of using PayPal in person and enables ongoing social distancing requirements and safety preferences for in-person commerce."
To use the feature, simply head over to the "Send" option on your PayPal app and tap the QR code symbol at the top right corner. PayPal is also waiving its standard fees for sellers when they accept payments through a QR code, though this is for a limited period only as businesses struggle with the spread of the virus.
This functionality is now available in the U.S., U.K., Australia, Austria, Belgium, Canada, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hong Kong, Hungary, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, Slovenia, Slovakia, Sweden, Switzerland, and Spain.