Dive Brief:
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PayPal’s “PayPal Here” card reader dongle for iOS and Android is being updated for higher-security EMV and contactless payments before the October 15 requirement for added security, the company announced Tuesday.
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The company also said that its “Here SDK” and mobile app will soon include Windows support.
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The company won’t say how many POS reader devices it’s shipped or how many transactions they’ve handled, but TechCrunch speculates that it could include more than 200,000 retailers, and that the Android app alone has had between 1 million and 5 million installations.
Dive Insight:
The payment reader space is competitive right now, with Square, Amazon, and PayPal jostling mightily. The move to higher-security EMV payments and the push toward mobile-led by Apple Pay are making things especially interesting. It’s a disruptive moment, with retailers looking for replacements and additions to their POS systems.