The payment giant’s 1.8 million Irish customers can now pay for taxi rides with Free Now in an increasingly cashless society.
PayPal and the Free Now taxi app have partnered for digital payments and travel tips.
Free Now customers will have the option to add their PayPal account as a payment method in the Free Now application. PayPal has 1.8 million active accounts in Ireland.
Niall Carson, General Manager of Free Now Ireland, said the partnership provides comfort and safety for drivers and passengers “while allowing both of them to maintain their social distance.”
“As Ireland’s leading passenger transport app, we are constantly looking for ways to innovate our service to ensure that we are providing the smoothest possible experience for our users,” said Carson.
“2021 has accelerated the adoption of digital services in every aspect,” added Anthony Rafferty, PayPal’s senior director of global business services. “As a leading technology player globally and in the region, we have a role to play in enhancing digital experiences and making it simple, safe and secure for people in Hail Ireland.”
According to PayPal research in November 2020, customers are moving further away from physical cash. In the survey, 42% of people said they believe there will be no cash transactions by 2023.
Free Now said that cashless payments have increased 10% on its services since January this year.
Across the economy, cashless payments have accelerated and physical cash has fallen out of favor. The pandemic accelerated trends in digital payments due to social distancing measures and people reluctant to pass paper notes around.
Last week, figures from the Irish Banking and Payments Federation showed that contactless payments increased 12.9pc in the last quarter with withdrawals at ATMs that were down 44%.
PayPal’s partnership with Free Now follows a similar one from taxi app Bolt, which recently entered the Irish market, and fintech startup Strike. The startup allows users to tip a service like a taxi driver via mobile payment instead of cash. He also recently signed a cashless tipping agreement with Camile Thai.