The road to mobile payments in the US has been bumpy. Perhaps a new deal between PayPal and Mastercard will help pave the way toward a truly smooth shopping experience via phones at retail.
PayPal, the digital wallet service of choice since the early days of e-commerce, has now entered a partnership with traditional payment processing firm Mastercard. The fruit of the collaboration, according to the companies, will be more opportunities to buy products with customers' PayPal accounts in brick-and-mortar establishments.
The world of mobile payments has been a fragmented one. For a few years now, phone makers, retailers and others have been keen on getting you to buy goods in stores with the wave of your phone at the point-of-sale system. But services such as Apple Pay, Samsung Pay, Android Pay and Walmart Pay have generally been limited to their makers' own devices, software or stores.