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CVS Pharmacy to Integrate PayPal and Venmo QR Code Technology into Their POS Terminals

July 31, 2020 / Cision PR Newswire
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PayPal Holdings, Inc. (NASDAQ: PYPL) today announced that CVS Pharmacy will be the first national retailer to integrate PayPal and Venmo QR code technology in its checkout experience at all of its 8,200 standalone stores across the country. Through PayPal's partnership with payments technology company InComm, shoppers will be able to securely pay for their items without needing to touch a keypad or sign a receipt.Using PayPal QR Codes brings the benefits of PayPal wallet into the store with shoppers – including the ability to pay using stored debit or credit cards, bank accounts, PayPal balance, or PayPal Credit. With Venmo QR Codes, customers can pay using their stored debit or credit cards, bank account, Venmo balance or Venmo Rewards. Additionally, PayPal does not charge fees to the customer when paying with the PayPal or Venmo QR codes.