Could McDonald’s Be PayPal’s Answer to “Squarebux?”
PayPal is rumored to be preparing its own powerful answer to the partnership announced by Square and Starbucks last week.
The most notable payment network on the web “is in the early stages of what may be a blockbuster mobile payments deal with McDonald's,” according to Reuters.
The details of how a U.S.-based partnership would work are not quite clear. But Friday’s report does mention two facts: that McDonald’s is testing a PayPal-powered mobile payment service at 30 restaurant locations in France; and that similar payment technology was demoed at the burger chain’s most recent franchisee conference in Orlando earlier this year.
Regarding the technology on display in Orlando, a McDonald’s spokesperson told Reuters to expect to see a deployment hit the market “within the next 24 months or so.”
PayPal’s most notable retailer partnership to date is with Home Depot, where customers can use the network’s “empty hands” technology to pay for purchases without any physical object whatsoever.
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