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PayPal to Launch Contactless Wallet in Germany, Challenging Apple Pay and Google Pay

The new PayPal feature will enable Tap-to-Pay on iOS and Android, offering installment options, cashback rewards, and a unified spending overview.

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Online-Maske mit PayPal-Zahlungsoption

Overview

  • PayPal's first contactless mobile wallet will debut in Germany this summer, allowing payments via Mastercard-compatible terminals on both Android and iOS devices.
  • The European Union's Digital Markets Act enabled this rollout by requiring Apple to open its NFC interface to third-party apps.
  • The wallet will include features like 'Ratenzahlung To Go,' which allows in-store purchases to be split into 3, 6, 12, or 24 monthly installments.
  • A cashback program will reward users for contactless in-store payments, with more details on participating brands to be announced soon.
  • PayPal aims to compete directly with Apple Pay and Google Pay by integrating online and offline spending data into a single platform.