PayPal’s break out form online world?

PayPal is arguably the most successful company in the field of Internet payment. The service currently can be reachable in 190 countries, and has more than 100 million active clients, and can manage transaction more than 20 currencies. For long time ago PayPal have been planning to expand its business to brick and mortar on the satisfied client base. PayPal not intended to be different, what easy and fast payment method is common on the internet to achieve outside online world. PayPal is planned to use the following two technologies to realize the nearly immediate money movement:

·         Scan of bar and QR code

·         Near Field Communication (NFC)

The expected control of used technology will be managed by an installed application on gadgets. The payment process itself will happen on PayPal’s own network or over card companies. Of course immediate payment only can happen within PayPal network. However, if technologically feasible that a merchant can connect to PayPal with using card companies infrastructure the 7/24 immediate payment can be realized. If PayPal’s plans will be implemented, it make immediate exigency to banks and clearing houses. I think this would be the moment, when XIX century approach is finished in account management.