Global payments provider PayPal has this week launched a new version of PayPal Here, an app and Bluetooth device that allows businesses to take secure chip and PIN card payments through smartphones.

The PayPal Here app, which has been launched in Australia, creates a point of sale interface on the user's phone, while a physical chip and PIN device uses Bluetooth to send customers' credit or debit card details to the app.

Mandatory EMV compliance comes into effect in Australia in the next year, and the app has been designed with this legislation in mind. Businesses using the app are not charged monthly fees, but there is a fee incurred for each transaction and an upfront cost for the system.

Andrew Rechtman, senior director of SMB, retail and strategy at PayPal Australia, commented: "By pairing the PayPal Here device with their mobile device, hairdressers can now take credit card payments from a customer's home, landscapers can send invoices to clients from their vehicle, and dog groomers can email receipts for debit card purchases before their furry client has had time to dry.

"When we launched PayPal Here in 2012 we saw the opportunity to leverage smartphone technology to help businesses accept payments. In 2014 we wanted to take that concept to the next level by developing a complete payments solution that enables businesses to focus more on their passions and less on payments."