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QUICK HIT: PayPal & Visa

Posted on 7.24.2016

PayPal and Visa are entering a partnership the companies hope will accelerate the adoption of digital payments. It may also present a significant obstacle to Apple Pay and Google Wallet. 

The partnership announced last week is intended to make it easier for customers to use Visa credit and debit cards in PayPal transactions and allow shoppers to use PayPal in brick-and-mortar retail locations. 

PayPal has grown aggressively since its spinoff from Ebay Inc. Revenue for the second quarter was up more than 15 percent to $2.65 billion for a year prior and the volume of processed payments went up 28 percent to $86.21 billion. 

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More on Paypal from the Website Magazine archives:
+ PayPal Raises Prices; Will SMB's Look Elsewhere?
+ Tips for Selling Internationally in the New Year
+ Could Apple Upset Paypal in Web Payments
+ PayPal Outperforms Visa Checkout

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