PayPal Joins eftpos: Plans To Connect To Hub Next Year
eftpos managing director Bruce Mansfield stated eftpos had recently upgraded its infrastructure for online payments and would work with PayPal along with other members to ensure that eftpos would be available to consumers and merchants as a payment option for online transactions.
PayPal is the fourth new eftpos member since the inception of eftpos as a payment system in 2009, following ING Direct, Tyro and Adyen.
“We are very pleased that PayPal has decided to join eftpos and directly access the real-time processing capabilities of the eftpos Hub infrastructure and other benefits of being a member,” Mansfield commented.
“PayPal plays an important role in Australian online payments and eftpos should be available as a payments choice for PayPal users. eftpos is happy to work with PayPal to make eftpos payments available to more Australian consumers and merchants on new platforms.”
Libby Roy, PayPal Australia vice president and managing director, stated the companies are “very happy to be working together to enable eftpos payments through the PayPal network”.
“Our membership of eftpos takes us one step closer to giving consumers the ability to use any funding mechanism through PayPal to transact securely and conveniently online and via mobile device,” Roy commented.
The Hub launched in September last year, with eftpos stating it is processing almost 3 million eftpos CHQ and SAV transactions a day.