Earlier today we reported on how Apple’s new iTunes Pass feature hints at Apple’s interest in mobile payments. However, Apple’s not the only company interested in this area.
Last night, PayPal updated its iOS client with one important new feature, allowing it to support loyalty cards. That means that PayPal’s app can become your one-stop-shop for payments and checkins for some of your favorite stores, including Starbucks, CVS, and others.
To add a loyalty card to the PayPal app, users must simply tap on the app’s Wallet section, hit the “+” icon in the top-right corner, and then scan or manually enter their particular account number.
This throws PayPal’s app into competition with Apple’s Passbook feature. Earlier this year it was reported that PayPal was desperate to team with Apple for the latter’s entry in the mobile payments market, but this new update suggests that if PayPal can’t join ‘em, it’ll at least try to beat ‘em.
The PayPal client update also features the usual bug fixes and tweaks — including a faster login.
The app can be downloaded from the App Store for free, available for all iOS devices running iOS 7.0 and above.