2023-11-04 13:09:00

PayPal and Apple to accept each others payment products

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Finextra
By Editorial Team

PayPal and Apple have struck a deal to start accepting each other's payments products within their separate ecosystems.

The pair have agreed to let US merchants accept contactless payments on their iPhones - using Apple's new Tap to Pay technology - through the PayPal and Venmo iOS apps.

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Meanwhile, Apple Pay will be added as an option in PayPal's unbranded checkout flows on merchant platforms.

And, from next year, US customers will also be able to add PayPal and Venmo network-branded credit and debit cards to Apple Wallet.

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