PayPal readies launch of mobile payments system in Europe
PayPal unveiled new hardware today that will allow it to take its in-person mobile payment system to Europe, expanding the lead it has in the international market on rival Square.
PayPal Here, which launched last March in the U.S., Canada, Australia, and Hong Kong, will debut in the U.K. this summer for its first foray into the European market. The eBay-owned payments processor plans to eventually offer the service to other countries on the continent.
About the size of a smartphone, the payments processor's new gadget will accept credit and debit cards under the Chip and PIN … Read more
