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CVS to introduce PayPal and Venmo QR code payments

July 31, 2020

Via: Finextra

From the fourth quarter, shoppers will be able to scan a QR code on their phones to pay using stored debit or credit cards, bank accounts, PayPal balance, PayPal Credit, Venmo balance or Venmo Rewards.

The integration with CVS Pharmacy is the first of a multi-year QR code agreement between PayPal and InComm, which will distribute the technology through its cloud-based software updates, allowing retailers to integrate it into their point-of-sale terminals.

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