PayPal Inc. is dropping any pretense of not pursuing point-of-sale payments directly. The eBay Inc. subsidiary now promises that it has new services coming for paying at physical locations using smart phones.
Third-party software developers for several years have been designing various apps that have blurred the line between traditional POS and online payments. PayPal, which first offered mobile payments in 2006, contributed to this major shift two years ago when it opened its network to outside developers. But PayPal repeatedly has said that the company itself had no direct designs on physical storefronts.