PayPal to move into the shop – without cards or NFC

PayPal is consigning the shop till to the dustbin in a way that could completely wipe Visa and MasterCard out of the shopping equation.

The website is gearing up to allow punters to pay for products in-store by scanning barcodes with a mobile, and allow payments to be authorised with a phone number — among other new features.

Merchants will be able to push location-based adverts and vouchers, and the site will offer a buy-now-pay-later service. What’s more, there’s no demand for an NFC chip.

Some strategic start-up acquisitions, including the snapping up of BillMeLater.com and shop search website Milo.com, have given PayPal the firepower to break into these new areas — via redwolf.newsvine.com