March 21, 2014
Today (March 21st, 2014) PayPal announced a major update to its iOS and Android apps in the UK. The company is turning on two features - that let users order food ahead of visiting the restaurant and enables them to pay for their food using the app via a 4 digit code. In neither case is the presence of the user’s credit/debit card required.
The smartphone has changed our lives, and we wanted to use it to solve some of the most common frustrations about traditional ways to pay on the high street. Our new Order Ahead and Pay at Table services save busy people valuable time. Why wait for the bill when you can pay at the table with your smartphone? And why wait in a restaurant for your takeaway when you can skip the queue by choosing and ordering ahead on your phone? We found in a recent survey that 76% of Britons dislike having to wait in long queues, said Rob Harper, Head of Retail Services at PayPal UK. The mobile is at the heart of the new age of money, and we’re delighted to join big brands like GBK, Prezzo and wagamama to make life easier for people, he added.
PayPal has built the biggest network of high street stores and restaurants that let their customers pay with the one thing they always take with them: their smartphone, said Harper. It’s the beginning of the end for the wallet on the high street.