Online payments platformPayPal made two key announcements earlier this week.
First, it announced that PayPal Here is being sold at 1,800 AT&T stores nationwide. The payment dongle costs $15, but you can recoup that money after signing up for a PayPal Here account. In comparison, PayPal Here competitor, Square, sells for $10 with a $10 credit.
Second, the payments company announced a partnership with MoneyGram, a global money-transfer service.
Through this partnership, PayPal users will be able to deposit cash and withdraw funds from MoneyGram’s 280,000 brick-and-mortar locations worldwide. Using MoneyGram, underbanked consumers can load their PayPal account with cash and pay online using PayPal instead of with a prepaid card.
PayPal expects to piloted this service in the U.S. in early 2013, and roll it out gradually after that.
To learn more about PayPal, watch its FinovateEurope 2012 demo.