PayPal steering clear of NFC technology

PayPal is steering clear of the use of NFC technology at the till, maintaining that the tech is years away from attaining mainstream critical mass. Instead it is focusing on a PayPal-issued card or using a mobile phone number and PIN at the point-of-sale. 

US retailer Home depot is now set to roll out Paypal's in-store payment system nationwide following a six-week trial at five pilot stores.

Paypal is hailing the national roll-out to all 2000 Home Depot locations as a vindication of its strategy for mobile payments on main street.

Home Depot customers can either swipe a PayPal-issued card to pay for in-store purchases, or enter a mobile phone number and PIN into the point-of-sale terminal.

See the system in action.