San Jose, Calif. • PayPal is doubling down on efforts to bring the mobile payment platform to brick-and-mortar stores and restaurants, offering new pay-from-your-smartphone services that threaten to make the physical wallet obsolete.
At an event at PayPal headquarters in San Jose on Tuesday, President David Marcus unveiled mobile features for shopping, eating out and attending sports games without needing to use cash or a credit card. The eBay Inc. subsidiary is pushing for a shift from the decades-old habit of carrying wallets in favor of making all transactions digital.
New PayPal features allow consumers to purchase tickets on StubHub an eBay company and have the tickets sent directly to PayPal's digital wallet, eliminating the need to mail or carry paper tickets to a sports game or concert. The new application also gives consumers suggestions for restaurants and bars near the venue, parking passes, and directions to their seats once inside the venue. They can also order food from their seat, no need to miss an inning at a baseball game while waiting in line for a hot dog, PayPal staff said.