Paypal plans to launch POS terminals to place heavy bets on mobile payments

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Beijing time on July 21, according to foreign media reports, in the second quarter of the revenue conference, eBay president and CEO John Donahoe (John Donahoe) said that Paypal plans to launch POS terminal products.

Paypal is preparing to place a heavy bet on mobile payments. Another mobile payment company that recently launched the POS system is Jack Dorsey's Square.

Square's system is based on the iPad, and users only need to tell the cashier their name to complete the payment. The system is currently used by only a few stores, but it is very impressive.

For mobile payments to develop, POS systems are critical. Because if the merchant adopts the system, consumers will use it. (MK)

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