PayPal Holdings, Inc. (NASDAQ:PYPL) disclosed an expansion of its strategic partnership with Shopify Inc. (NYSE:SHOP) in the U.S.
As per the deal, PayPal will become an additional credit and debit card processor for Shopify Payments through its PayPal Complete Payments solution, providing flexible and advanced developer tools for marketplaces and platforms.
PayPal wallet transactions will be seamlessly integrated into Shopify Payments in the U.S., simplifying order management, payouts, reporting, and chargeback processes.
This update provides a unified experience for PayPal and Shopify merchants, combining innovative payment options with improved operational efficiency.
Last week, PayPal stated that it is integrating its debit card with Apple mobile wallet and offering different cashback rewards to penetrate the U.S. point-of-sale (POS) payments market.
Last month, PayPal and Fiserv expanded their longstanding partnership to streamline how Fiserv clients enable PayPal, Venmo, and related services.
Investors can gain exposure to PYPL via Global X FinTech ETF (NASDAQ:FINX) and Amplify ETF Trust Amplify Mobile Payments ETF (NYSE:IPAY).
Also Read: PayPal Supercharges Checkout: New Fiserv Partnership Boosts One-Click Conversion
Price Action: PYPL shares are up 1.07% at $69.63 at the last check Monday.
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Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.
