Dive Summary:

• PayPal is launching its Here mobile payment service in the U.K. and has developed a device that better fits Europe's point-of-sale policies.
• The new card reader wirelessly connects to mobile devices via Bluetooth and allows for credit or debit card insertion so it can access the smart chips common in European cards.
• PayPal faces competition from local companies including iZettle, Payleven, mPowa, Adyen, and SumUp.

From the article:

PayPal plans to showcase the new reader and service at Mobile World Congress in Barcelona next week, but U.K. merchants will have to wait a bit before they can get their hands on Here. According to PayPal’s blog, the company will roll out the service to select U.K. businesses in the coming months, after which it will launch nationwide. Following the U.K. launch, PayPal will roll out Here in other European countries, though it didn’t identify any by name. ...