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PayPal Launches First Contactless Wallet in Germany, Bypassing Apple and Google Pay

The new wallet leverages the EU's Digital Markets Act, offering NFC payments, offline functionality, and in-app installment options via a virtual Mastercard.

Kopf als Schattenbild, Smartphone, PayPal-Logo
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PayPal: Bezahldienst geht offline

Overview

  • PayPal's contactless wallet is now live in Germany, marking its first foray into offline retail payments with NFC technology.
  • The wallet utilizes a virtual Mastercard, enabling payments without relying on Apple Pay or Google Pay, and supports both iOS and Android devices.
  • Germany was chosen as the test market due to its 35 million active PayPal users and its blend of online and offline shopping behaviors.
  • The wallet includes a 'Ratenzahlung To Go' feature, allowing users to finance in-store purchases with temporary virtual cards valid for 48 hours.
  • The launch was made possible by the EU's Digital Markets Act, which required Apple to open its NFC interface to third-party payment services.