What's New in Payments

Facebook Messenger adds PayPal P2P payments

Send money to friends and family in Messenger with PayPal — PayPal — “We’re excited today to announce an expansion of our relationship with Facebook with the addition of PayPal as a funding source for peer-to-peer (P2P) payments, right in Messenger… We are also introducing our first-ever PayPal customer service bot for Messenger, so PayPal customers can seamlessly receive payment and account support directly in the app.”


What's New in Payments

PayPal to turn Venmo P2P payments app into ‘ubiquitous digital wallet’

Venmo now accepted at millions of retailers — PayPal — “Starting this week, Venmo customers can use their Venmo account to shop and make purchases on their mobile phone at more than two million US retailers, almost everywhere PayPal is accepted… Our vision for Venmo is to not only be the go-to app for payments between friends, but also a ubiquitous digital wallet that helps consumers spend wherever and however they want to pay, regardless of device.”


What's New in Payments

Bank of America reports $4bn in P2P payments

A big bank Is catching up to PayPal and Square — Barron’s — “Bank of America released its third quarter earnings on Friday morning and executives spoke confidently about Zelle, the payments platform used by several big banks. The total number of peer-to-peer payments made over the Zelle network by Bank of America customers jumped 68% on a year-over-year basis to 13.6m, and the total payment volume jumped 40% to US$4bn, the bank said. Earlier this year, Bank of America integrated Zelle into its mobile app.”


What's New in Payments

Mastercard and PayPal form global digital wallet partnership

Mastercard and PayPal expand digital partnership globally — Mastercard — “Mastercard will be presented as a clear and equal payment option within the PayPal Wallet, making Mastercard and their issuers easily identifiable to the consumer when transacting… PayPal will have the opportunity to expand its presence at the point of sale by utilizing tokenization services from Mastercard, allowing consumers to use their tokenized Mastercard in their PayPal Wallet to make in-store purchases.”


What's New in Payments

You can now send money with PayPal in the Skype mobile app

You can now send money with PayPal in the Skype mobile app — PayPal — “PayPal is now partnering with Skype to allow users in 22 countries to send money to other Skype users with PayPal via their Skype mobile app. With over one billion Skype mobile downloads to date globally, users will be able to use PayPal directly from their Skype app to seamlessly send money in the moment – like for a gift for a family member across the country or internationally.”


What's New in Payments

Bank of America and PayPal partner to enable in-store payments and account linking

Bank of America and PayPal partner to enable in-store payments and account linking — Bank of America — “Bank of America will partner with PayPal to tokenize Bank of America cards for customers wishing to use PayPal for in-store purchases, across MasterCard and Visa portfolios in the US. This will support PayPal’s forthcoming NFC mobile wallet experience to enable in-store tap-to-pay purchases and reflects Bank of America’s open wallet strategy.”


What's New in Payments

China’s Baidu enters strategic partnership with Paypal to tap Chinese tourists

China’s Baidu enters strategic partnership with Paypal to tap Chinese tourists — Reuters — “Baidu’s payment platform, Baidu Wallet, will be accepted by roughly 17 million PayPal merchants globally, the Chinese firm said in a statement on Thursday. ‘Partnering with PayPal on technology and product innovation will provide Baidu users with the ultimate cross-border consumer experience,’ said Baidu senior vice president Guang Zhu.”



What's New in Payments

Visa and PayPal extend partnership to Europe

Visa and PayPal extend partnership to Europe — Visa — “The European partnership agreement makes it easier for financial institutions to offer their Visa account holders the ability to checkout anywhere PayPal is accepted online… It will also expand the acceptance of PayPal by European businesses that accept Visa in physical locations, providing growth opportunities for Visa, PayPal and their customers.”


What's New in Payments

Samsung Pay announces partnership to allow users to pay via PayPal

Samsung Pay announces partnership to allow users to pay via PayPal — Samsung — “Access to PayPal will be available for all Samsung Pay users in the United States and will expand to other countries soon. Additionally, through Braintree, a PayPal service, merchants will be able to accept Samsung Pay as a method of payment in-app and online.”


What's New in Payments

PayPal now available on App Store, Apple Music, iTunes and more

PayPal now available on App Store, Apple Music, iTunes and more — PayPal — “PayPal’s availability across Apple’s services further expands our vision of providing customers a variety of ways to easily make mobile purchases, such as asking Siri to make a payment using the PayPal app… Once PayPal has been selected, all future purchases with the customer’s Apple ID will be automatically charged to their PayPal account.”


What's New in Payments

Harris Poll: PayPal leads mobile payment brands, yet up-and-comers making brand equity gains

Harris Poll: PayPal leads mobile payment brands, yet up-and-comers making brand equity gains — The Harris Poll — “PayPal — followed closely by Amazon brands — retains its Brand of the Year designation, leading mobile payment brands for the third consecutive year. However, up-and-coming brands Venmo (owned by PayPal), Square, and Apple Pay are making significant gains, according to new research from The Harris Poll’s 29th annual EquiTrend Study.”


What's New in Payments

Transfer money instantly to your bank account with PayPal

Transfer money instantly to your bank account with PayPal — PayPal — “PayPal users in the U.S. will soon be able to instantly transfer money to their bank accounts via eligible debit cards linked to their PayPal account… Our beta of this is now available to select PayPal users and will be made available to all U.S. PayPal users with eligible Visa or Mastercard debit cards over the coming weeks and months.”



What's New in Payments

Apple Pay sees double-digit growth, ties with PayPal

Apple Pay sees double-digit growth, ties with PayPal — Branding Brand — “New shopping data from Branding Brand shows in-app purchases with Apple Pay increased 17% from March 2017 to April 2017… When asked to rank their favorite in-app payment systems, PayPal and Apple Pay tied for first place. Overall, 70% of Apple Pay users want more retailers to offer the service.”


What's New in Payments

Canadian city rolls out mobile app that links payments for parking to a driver’s licence plate

Drivers across the Canadian city of London can now pay for parking at more than 3,100 spaces across the city — including all municipal parking lots and on-street spaces — using a mobile app that lets them “seamlessly search, pay for and top up parking from their phone or tablet”. The service is being rolled out by the City of London. More






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