by Angela Nazworth | August 23, 2012 3:52 pm
PayPal, which is owned by eBay (NASDAQ:EBAY), could receive a huge boost if its mobile payments deal with McDonald’s (NYSE:MCD) pans out.
The king of fast-food is testing payment via PayPal in about 30 of its restaurants in France, Reuters reports. French customers who are using the service are able to order McDonald’s food online or on their smartphone via a mobile app. Then, they can pay for that food with their PayPal account and pick up the meal at McDonald’s.
Since McDonald’s has a network of more than 30,000 restaurants, a permanent deal with the company would be an enormous victory for PayPal, which recently made a big move with Discover Financial Services (NYSE:DFS).
Source URL: http://investorplace.com/2012/08/mcdonalds-is-testing-payment-by-paypal/
Short URL: http://investorplace.com/?p=220727
Copyright ©2013 InvestorPlace Media, LLC. All rights reserved. 700 Indian Springs Drive, Lancaster, PA 17601.