PayPal Launching Mobile Daily Deals in 2012

Another powerful technology vendor is poised to enter the white-hot daily deals market. Paypal Deals will launch in early 2012 according to the company.

Paypal will be able to leverage existing relationships with merchants across the globe. The company is well positioned to make an impact as well thanks to its soon-to-be-released m obile payment platform PayPal Wallet.

According to Bloomberg, a significant number of the top 200 U.S. retailers have signed contracts to accept PayPal in their stores, and said PayPal's broader goal is to make it "as ubiquitous in stores as cards issued by companies such as Visa."