PayPal bringing new commerce platform into Home Depot

Summary:PayPal is rolling out its mobile commerce and payments platform to all of its nearly 2,000 stores nationwide.

PayPal has been teasing us with its new mobile commerce solutions for a few months now, with particular prominence and demos at eBay's Innovate Developer Conference 2011 in October and a pop-up shop in New York City.

Now, the new mobile payments are becoming more available to a wider range of consumers thanks to a new partnership with Home Depot.

Starting today, PayPal is rolling out its mobile commerce and payments platform to all of Home Depot's nearly 2,000 locations nationwide. A more detailed schedule for the roll-out is available on the official PayPal blog.

Home Depot is the first brick-and-mortar retailer to accept PayPal in stores.

As a reminder, customers have a couple of new options to pay with their PayPal digital wallets. Shoppers can either go card-free by entering just their phone numbers in conjunction a pin number, or they can use an actual PayPal card.

PayPal is so confident in the rapid rise of mobile commerce transactions that, in January, the eBay-owned company upped its mobile payment volume predictions to $7 billion by the end of 2012.

By comparison, PayPal reached $4 billion in mobile payments volume in 2011, far higher than the company’s original prediction of $1.5 billion.

Related:

Topics: Mobility, Browser, E-Commerce, Security, Wi-Fi

About

Rachel King is a staff writer for CBS Interactive based in San Francisco, covering business and enterprise technology for ZDNet, CNET and SmartPlanet. She has previously worked for The Business Insider, FastCompany.com, CNN's San Francisco bureau and the U.S. Department of State. Rachel has also written for MainStreet.com, Irish Americ... Full Bio

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