Payments

Paypal adds another mobile wallet to its arsenal

  • The alliance gives PayPal customers the option to make contactless payments at over 400,000 European retailers.
  • The alliance marks the third agreement PayPal has made with mobile wallets in the past four months.
close

Email a Friend

Paypal adds another mobile wallet to its arsenal

PayPal is bringing mobile payments to Europe with its newest partnership.

The eBay spinoff just announced an agreement that connects PayPal to telecom giant Vodafone’s Wallet app, including capabilities to make contactless payments at over 400,000 retailers in Europe via PayPal.

“Money is going digital, and the smartphone is at the center of this transformation.” said Rob Harper, director of mobile commerce, PayPal UK. “Mobile payments have long been at the heart of what we do. As mobile technology continues to evolve, we will continue to look at new ways to make it easier and faster for our customers to pay.”

The alliance marks the third agreement PayPal has made with a mobile wallet in the past four months. Visa and PayPal got over their beef and agreed to bring PayPal to Visa Checkout in July. PayPal then cut a deal with MasterCard, opening up MC tokenization to PayPal customers.

Now that PayPal has agreements with the two biggest credit cards and a European telecom company, look for more agreements with mobile wallets. But perhaps a Venmo integration to help solve the lingering monitization question is on the horizon.

0 comments on “Paypal adds another mobile wallet to its arsenal”

Payments, Podcasts, What's Happening in Payments Podcast

Power of Payments Ep. 9: Balance’s Bar Geron on why B2B payments are “stuck in the stone age”

  • Bar Geron, co-founder and CEO of Israeli firm Balance, joins host Ismail Umar on this week’s podcast.
  • He talks about the importance of bringing B2B payments online, BNPL for business, as well as other B2C trends that are slowly being adopted in B2B transactions.
Ismail Umar | June 30, 2022
Member Exclusive, Payments

Payments Briefing: Is the ‘Apple Pay Later’ hype warranted?

  • This week, we review the hype around Apple Pay Later and try to determine how much of it is justified.
  • We also look at Square’s move to bring Afterpay to in-store purchases, making it even easier to pay in four – and how this greater ease could lead to overspending and growing consumer debt.
Ismail Umar | June 23, 2022
Member Exclusive, Payments

How the global microchip shortage is affecting the payments industry

  • While chip-based payment cards face the biggest threat, experts say the only aspect of payments immune to the shortage is physical currency.
  • As banks look to address the problem, one of the solutions being discussed is extending payment cards' expiration dates.
Subboh Jaffery | June 20, 2022
Payments, Podcasts, What's Happening in Payments Podcast

What’s Happening in Payments Ep. 8: Klarna and the future of BNPL, PayZen’s ‘Care Now, Pay Later’, and Mastercard’s ‘Smile to Pay’ system

  • This week, we discuss whether BNPL offers a sustainable business model for providers, and whether it’s even viable as a standalone business.
  • We also talk about PayZen’s ‘Care Now, Pay Later’ offering, as well as Mastercard’s ‘Smile to Pay’ system, and what it tells us about the future of privacy and security in payments.
Ismail Umar | June 17, 2022
Payments, Sponsored

International remittances: A money movement lifeline ripe for digitization

  • Digital transformation is simplifying how people move money around the world, yet barriers to international P2P transfers remain.
  • In honor of International Day of Family Remittances, Visa shares four tips for how policymakers can better streamline digital remittances.
Visa | June 16, 2022
More Articles