Merchants who use Tyro Payments for payment processing can now let their customers pay from the PayPal app on their smartphones.
A deal between Tyro Payments and PayPal means more than 500,000 small and medium sized businesses have the option of accepting payments via the Tyro Mobile service from in-store customers using PayPal's mobile app.
PayPal claims around 5.5 million active Australian users, and that "a large proportion" of them regularly use the PayPal app.
"Studies have shown that 61% of Australians are keen to pay with their mobile in a store but only a third (36%) of Australian merchants accept mobile payments," said Tyro CEO Jost Stollmann.
"We champion small and medium sized merchants and our technology gives them the ability to compete with big players in their markets."
"PayPal is the operating system for digital payments, and partnerships like this one with Tyro Mobile allow us to extend our offering to Australian businesses of all sizes," said Emma Hunt, director of SMB, PayPal Australia.
“We’ve seen widespread acceptance of our consumer app amongst our more than 5.5 million active Australian users and are excited that Tyro Mobile’s merchants can now connect with our customers by facilitating PayPal payments in-store.”
An early Tyro Mobile adopter is Sydney cafe and bistro Metro St James. “We're very customer focused, we want to provide a great service. If our customers want to pay in this way, we want them to be able to," said owner Lionel Asseraf.
Tyro intends to add more payment types such as Samsung Pay to Tyro Mobile in the future..
"Because we are a technology leader, Tyro’s merchants are confident they'll be ready for digital wallets and other mobile-based payment types when they reach these shores," said Andrew Rothwell, Tyro co-founder and vice president of sales.
The PayPal app is available for Apple and Android devices.