Thursday, July 18, 2024
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    Cashless proximity payments get a boost as PayPal gets on board

    The latest thing in mobile payments, proximity billing & payments that let you waft your  phone over things and pay for them has got a boost as PayPal integrates with start-up Thyngs.

    Thyngs is an QR and NFC scanning mobile payment tool that aims to turn, well, things into payment points. Already working in the charity sector, the company aims to make it easy to pay for things by just tapping ones phone against whatever one wants to buy to pay for it.

    The addition of PayPal marks a shift into the mainstream. Check out how it works in this video

    https://www.youtube.com/watch?v=SC00DSZP_Sk

    Thyngs will add PayPal as a new core payment method for businesses using its tap and scan cashless payment solutions on items such as product packaging and direct mail, and in person. The integration will streamline payment processing for Thyngs’ clients and give customers additional choice and convenience when making those payments.

    Thyngs is an enterprise-grade platform that enables businesses to easily create and manage proximity-based campaigns and solutions at scale. Its technology allows firms to take tap and scan mobile payments easily and cost-effectively, transforming packaging, printed materials and other physical objects into secure cashless payment points, whilst also providing real-time performance data.

    PayPal has more than 200 million active account holders that use its platform to make payments around the world via mobile devices, in an app, or in person. It has become one of the most popular payment methods available.

    “PayPal’s technology leads the industry in payment processing options,” says Nicola Longfield, Director of Small & Medium Business & Charity, PayPal. “We are pleased to offer Thyngs’ clients a more secure and effective way to accept cashless mobile payments from their customers.”

    “We’re delighted to be able offer PayPal as another core payment option through our platform,” adds Neil Garner, CEO of Thyngs. “It furthers our objective of providing our clients and their customers with the best possible on-the-go payment experience, helping to make cashless payments as familiar, easy and convenient as paying with cash.”

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