SAN JOSE, Calif.—The pandemic has been good for PayPal.
PayPal last year began breaking into larger stores across America. As the Wall Street Journal noted, for years investors wondered if the digital-payment giant would cross over into the physical realm in a big way. Now the company has done so as the pandemic, which has been a boon for contactless tapped or scanned payments, seems to have gotten that ball rolling, the Journal reported.
PayPal said its payments with QR codes — digital scrambles that can be displayed by phones and scanned at checkout counters — are now accepted at more than 600,000 retail locations, and that in 2020 it had signed up 29 large enterprises, including CVS and Macy’s, to offer them, The Journal said.
PayPal did more than $20 billion worth of in-store volume across its payment types in 2020.