The chip-and-PIN version of PayPal's Here mobile card reader is set to debut overseas this year, but the splash will be felt in the U.S. as well.

"PayPal has morphed into an entity that is a lot more like Visa and MasterCard than an online payments company," says Philip Philliou, a payments consultant. "If PayPal can convince both consumers and merchants that PayPal transactions are inherently more secure because of EMV (chip-and-PIN cards), that will be a catalyst for growth on both sides of the Atlantic."

Limited Time Offer

Save over $700 on your subscription. Special offer expires April 30, 2017.

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry