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Publish Date : 23-Aug-2012

Online payments provider PayPal will gain access to millions of physical stores in the United States under an agreement with Discover Financial Services.

Under the deal, unveiled on Wednesday, PayPal will issue payment cards to its more than 50 million active users in the United States next year.

The cards will let PayPal users buy from merchants that already use Discover Network, a payment network with more than 7 million US retail locations.

PayPal, a unit of eBay Inc, is expanding into the physical world, in search of new opportunities. In the past year, the company has signed up more than 15 retailers, including Home Depot and Office Depot, to accept PayPal payments in their stores.

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