PayPal will soon be introducing new ways for customers and merchants to use Apple Pay, iPhone, and other services. PayPal says it will soon adopt Apple’s new Tap to Pay on iPhone feature. And also it will add Apple Pay support to its branded debit and credit cards and as a payment option.
PayPal is Incorporating Apple Pay
PayPal made these announcements in an investor update as part of its Q3 2022 earnings report. The company says it is “working with Apple to enhance our offerings for PayPal and Venmo merchants and consumers” as part of its “strategic initiatives and business updates.”
“We’re thrilled to be collaborating with Apple to improve our offerings for both merchants and customers,” Its CEO Dan Schulman said in a statement.
Today’s announcement from PayPal, has several components. Which also owns the popular peer-to-peer payment platform Venmo. They are as follows:
- Using an iPhone and the PayPal or Venmo iOS app, customers can pay at stores using contactless cards and Apple Pay.
- Apple Pay is now available as a payment option in PayPal’s unbranded checkout flows on merchant platforms.
- Customers in the United States will be able to add both network-branded credit and debit cards to Apple Wallet. And can use them anywhere Apple Pay is accepted beginning next year.
Tap to Pay is a new feature introduced by Apple earlier this year. It allows you to pay with Apple Pay, a contactless credit or debit card, or another digital wallet. It has also added Apple Pay as a payment option on some websites. The implementation appears to be limited.
Finally, It says that next year, customers will be able to add their PayPal and Venmo-branded debit and credit cards to Apple Wallet and Apple Pay.