ayPal has signed a deal with petrol station payment provider, Gilbarco Veeder-Root that will see its mobile payment service become an option across the US. Initially, PayPal will be integrated with Gilbarco’s point-of-sale (Pos) product before becoming a part of all of its media and merchandising solutions.
Gilbarco claims to have more than 30,000 PoS systems installed at petrol stations and shops across the US. The deal comes as part of PayPal’s efforts to become a leading payment provider outside of the internet. To date, the firm has agreements to provide mobile payment solutions to 23 retails, 12 of which are now live in 18,000 locations
“It’s time to drive through the front window of financial services” – Tandem Bank, Azimo co-founders
An auspicious dinner threw Michael Kent and Ricky Knox together at business school more than a decade ago, laying the foundations of a business partnership that would see the pair create financial tech companies remittance firms Small World FS, Azimo and most recently challenger bank Tandem.
In a week when Sainsbury's finally revealed it will go contactless this year and when Eurovision said it will be cash-free and payment wearable full, it shouldn't come as a surprise that new data from Visa Europe confirms contactless payments' dominance in Europe.
The recent hypothesis that creating economic growth and investment opportunities in many parts of the world is, according to some governments, the responsibility of business – in particular small and medium sized companies (SMEs).
Opportunities to write about the Eurovision Song Contest are far and few between in the world of payments, but that ends today with news Gemalto and Visa are teaming up to hand out contactless payment wristbands at the show this year.