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News

US retail giant accepts PayPal and Venmo QR payments

Aug 03, 2020

All of CVS Pharmacy 8,200 stores across the country will use this payment solution

PayPal Venmo QR

US retail giant accepts PayPal and Venmo QR payments. Source: shutterstock.com

PayPal has announced that CVS Pharmacy will be the first national retailer to integrate PayPal and Venmo QR code technology in its checkout experience.

PayPal’s partnership with payments technology company InComm will allow shoppers to safely pay for their items eliminating the need to touch a keypad or sign a receipt.

In the midst of COVID-19, we have seen an incredible acceleration of digital payments and touch-free payments. Companies of all types and sizes are looking for ways to maintain the safety of their customers and employees, especially through touch-free experiences like curbside pickup and enhanced online shopping. QR codes complement these and provide retailers an additional payment method that furthers this touch-free mission and continues the growth of digital payments for all partners in the ecosystem. The essential nature of pharmacies makes CVS Pharmacy the perfect initial partner for PayPal and Venmo QR Codes – and we're proud to help their customers stay safe while purchasing what they need
Mark Britto, Executive Vice President and Chief Product Officer, PayPal

According to the report, shoppers will be able to pay using stored debit or credit cards, bank accounts, PayPal balance, or PayPal Credit.

With Venmo QR Codes, customers can pay using their stored debit or credit cards, bank account, Venmo balance, or Venmo Rewards.

What is more, PayPal doesn’t charge fees when paying with PayPal or Venmo QR codes.

We’ve reported that Western Union teamed up with Philippines’ micro-financial services provider Cebuana Lhuillier thus enabling Filipinos to carry out Western Union money transfers.

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Tags: # PayPal

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