PayPal will introduce a new way for people to pay for goods in shops with their phones in another bid to extend its business beyond online retailers.

The Payment Code feature, announced today, will allow PayPal users to pay for things in physical retail stores by scanning a QR code generated in the app, or by using a one-time four digit code in stores that use PIN codes but don’t have a scanner.

To use it, customers will simply have to check into a store using the PayPal app, at which point they will receive their PIN or QR code, depending on which the store uses and it will be debited in the regular way from the PayPal account. Sadly, we’ll have to wait a little longer to test it out as it’s not set to roll out until early next year.

➤ With Payment Code, PayPal believes it’s cracked the mobile payments enigma [GigaOM]

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