McDonald’s Embraces PayPal in France; Trust Pay Deal Boosts Funding Options in Europe (Nov. 14, 2013)
McDonald’s is embracing PayPal at the POS in all of its French locations, after a successful pilot with the San Jose, Calif.-based payments company. The Oakbrook, Ill.-based fast food giant McDonald’s Corp. said its mobile payment program with PayPal will be live in all of its restaurants in France by the end of the year, according to reports. The service enables customers to use the McDonald’s mobile app or Website to order food, pay using PayPal and then pick up their orders at a special section of the restaurant counter dedicated to customers who prepaid.
In related news, PayPal is making it easier for European consumers to fund their PayPal accounts. In partnership with Trust Pay, PayPal has expanded its bank top-up feature to three more countries in the European market. PayPal customers in Romania, Bulgaria and Finland now are able to transfer money from their bank accounts to their PayPal accounts without using a bank card. The program was expanded following succes in Slovakia, the Czech Republic, Poland, Hungary, Estonia and Slovenia, according to Trust Pay, a Slovakia-based payment solutions provider.
“We have received multiple signals from our Central Eastern Europe consumers about the importance of enabling bank account funding of their PayPal balances,” said Ganna Yevtushenko, PayPal’s head of business development in Central Eastern Europe. “Bank top-up of PayPal accounts . . . gives PayPal users the opportunity to securely pay online with PayPal in 193 markets, whether they want to use their bank card or bank account.”