April 25, 2017
PayPal is at it again: partnering with another company in an effort to expand the number of places and ways consumers can use their PayPal accounts. The online payment pioneer last summer partnered with long-time rivals Visa and MasterCard mainly as a way to pave the way for PayPal acceptance in physical stores. Last week, PayPal unveiled an agreement with Google under which PayPal now can be used as a payment option within the Android Pay mobile wallet both in stores and to make in-app and online payments.
“This partnership will enable our customers to pay across even more contexts, and will extend PayPal’s mobile leadership and reach as consumers become more comfortable shopping and buying on their mobile devices,” said PayPal COO Bill Ready. “Initially, users will be able to pay using their PayPal balance and over the coming months we will add the ability to use cards that have been stored with PayPal, enabled by our recent tokenization partnerships with major card networks.”
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