How To Pay With A QR Code (and pay later)
BNPL Paypal
Nice writeup on PaymentDive on Paypal
Dive Brief:
- PayPal, an online payment provider, expects the popularity of QR codes and buy now-pay later options to rise because the pandemic has changed consumers’ payment preferences.
- Since PayPal’s launch of QR code payments for businesses last May, many merchants have adopted the low-cost contactless payment option. In Q1 2021, the company added a merchant to its QR code payment option every 28 seconds, PayPal CEO Dan Schulman said during the Q1 2021 earnings call.
- The BNPL payment option is also gaining traction among PayPal users, attracting 3.3 million unique customers and 330,000 merchants in the U.S. and U.K. since its launch in August 2020.