Google and Paypal announced today they are extending their mobile payments partnership to include further integrate Paypal in Android Pay.
Millions of people already use Paypal to pay for goods and services and send money to friends and family.
Soon they can use their Paypal accounts within the Android Pay. Consumers in the U.S. may also use Paypal and Android Pay at retailers from Walgreens to Dunkin’ Donuts.
For online retailers, this is also an important announcement since Android apps will have access to the Paypal account as well. This will expand the ability to use mobile payments with many apps.
MOBILE PAYMENTS ARE THE FUTURE OF ECOMMERCE
The mobilization of eCommerce continues and all integrations that help facilitate easier checkout will ultimately help online retailers.
Last year alone, PayPal processed $102 billion in mobile payments and two billion mobile payment transactions.
Initially, users can pay using their PayPal balance.
Over the coming months, Paypal will add the ability to use cards stored with PayPal. This feature is part of Paypal’s recent tokenization partnerships with major card networks.
PayPal and Google have been forging a strong partnership since PayPal was added as a payment method within Google Play nearly three years ago.
This partnership extension is the next phase in their relationship.
With their combined reach and leadership in technology and mobile commerce, both companies can bring more choices and options to consumers.
REVIEW YOUR PAYMENT ACCEPTANCE STRATEGY
Since most online retailers are a bit in a quiet mode right now. This is a good time to look at your stores and make sure you review your payment integrations.
You don’t want to wait until the Christmas season to implement new technologies.
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