CVS announced that customers can now check out CVS pharmacy touch-free payments using PayPal and Venmo QR codes on November 16. These codes allow customers to securely pay for their items without needing to touch a keypad or sign a receipt, while also being able to access multiple payment methods available in PayPal and Venmo wallets.
This decision was taken against the background of COVID-19 pandemic, and, as company hopes, can help to minimize touch a keypad or sign a receipt.
“In the midst of COVID-19, we have seen an incredible acceleration of digital payments and touch-free payments,” said Mark Britto, Executive Vice President and Chief Product Officer, PayPal. “Companies of all types and sizes are looking for ways to maintain the safety of their customers and employees, especially through touch-free experiences like curbside pickup and enhanced online shopping. QR codes complement these and provide retailers an additional payment method that furthers this touch-free mission and continues the growth of digital payments for all partners in the ecosystem. The essential nature of pharmacies makes CVS Pharmacy the perfect initial partner for PayPal and Venmo QR Codes – and we’re proud to help their customers stay safe while purchasing what they need.”
8,200 Retail Locations
CVS also reported, that in this action would take part about 8,200 standalone retail locations. The partnership, which was first announced in July, makes CVS Pharmacy the first national retailer to integrate PayPal and Venmo QR code technology in its point-of-sale experience at all standalone locations across the country.
“PayPal and Venmo QR codes offer our customers a secure and touch-free way to complete their purchase with a payment brand they know and trust,” said Jon Roberts, Executive Vice President and Chief Operating Officer of CVS Health. “This reflects our continued focus on innovation and finding new ways to help maintain the safety of our customers and employees.”
Safety Pay With CVS Pharmacy Touch-free Payments
Company said, that since January, CVS has seen a 43% increase in touch-free transactions, and according to research conducted by Forrester, 11% of the U.S. population reporting they’re using a digital payment method for the first time as a result of the pandemic.
“The launch of PayPal and Venmo QR codes in CVS Pharmacy stores will not only provide health-conscious customers with a touch-free way to pay at checkout, but also brings the safety and security of PayPal and Venmo transactions into the store with shoppers,” said Jeremy Jonker, Senior Vice President Head of Consumer In-Store and Digital Commerce, PayPal. “We are thrilled that PayPal and Venmo QR codes will help to maintain the safety of CVS customers and employees, especially in the essential pharmacy retail environment as we go into the winter months.”
“Putting our customer’s safety at the forefront of our innovations, we’ve focused resources on finding new ways to make customers’ lives easier and more convenient,” said Jon Roberts, Executive Vice President and Chief Operating Officer at CVS Health. “Introducing more digital options, including touch-free payments at the register, is in step with changing consumer preferences.”