PayPal begins piloting NFC and records 40% growth in mobile payments

Online payments giant PayPal has revealed it is again testing NFC, though the company’s president has made clear that he’d like the company’s platform to be technology agnostic and he doesn’t see the long-term success of NFC as assured. “We are obviously doing trials around NFC ourselves at this point, but I think the real key and the thing I believe in is that any great open technology payments platform has to have, at its heart, this idea of being technology agnostic at the point-of-sale,” PayPal president Dan Schulman told investors during eBay’s first quarter earnings call as the company recorded a 40% year-over-year growth in mobile payment transactions.