PayPal, which last year launched ‘one-touch’ payments on phones running Apple’s iOS and Google’s Android operating systems, is extending the capability to include the Web.
The payments giant said that it aims to make paying for goods online easier. As with mobile apps, one-touch means that users do not have to sign in more than once to use their PayPal balance for purchases on any device with a browser as it will remember their details.
Despite the growth in mobile commerce growth, payments made on the web still represent the majority of electronic commerce (e-commerce), said PayPal senior vice president and global head of merchant and next-generation commerce, Bill Ready. Launching one-touch payments for websites therefore offers a huge opportunity.
The announcement comes as PayPal prepares to spin-off from its parent, eBay and become an independent company.
Despite being behind the likes of Europe and China, the US payments industry is now rapidly advancing, said Anish Kapoor, CEO of AccessPay told GTNews in an exclusive interview.
Treasurers are more interested in cross-border payments and automation than real-time payments, as they are consistently asked to do more with less, argues Rick Burke, head of corporate payments at TD Bank in an exclusive interview.
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