Tuesday April 18, 2017

PayPal Teams up with Android Pay for Mobile Payments

Instead of a debit or credit card, Android Pay users may now use PayPal for in-store, online, or in-app purchases. The caveat is that the vendor has to support Discover, and users may only use their PayPal balance for payment. Expansion is underway for linked credit cards and other partners.

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One of the larger goals with these initiatives is to help PayPal establish more traction at point-of-sale, where Apple Pay is currently dominating. According to a recent report from Juniper Research, Apple Pay usage has nearly doubled year-over-year, and is expected to reach 86 million users by the end of this year. Samsung Pay and Android Pay are growing too, but have more limited traction. They are expected to reach 34 million and 24 million users, respectively, by the end of 2017.