PayPal Inks Deal With Discover, Giving Access to 7 Million Merchants

In another sign that mobile payments are going mainstream, PayPal on Wednesday announced a deal with Discover that will expand PayPal's footprint to 7 million merchants next year.

Starting in April 2013, participating merchants who offer Discover will begin accepting payments from PayPal's 113 million active users. In a press release, the companies said merchants won't have to install or upgrade existing point-of-sale hardware and software to accept the payments. Instead, in-store signage will make customers aware of the capability.

The deal comes on the heels of another major industry announcement -- Square's partnership with Starbucks, which will adapt the former's mobile payment…
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