PayPal enables Skype app payments
PayPal is on a tear and looking to significantly boost its P2P payments volume through Venmo, which already posted 103% growth in the second quarter, reaching $8 billion, reports Paybefore, Banking Technology’s sister publication.
The company has announced in a blog post that any of the more than one billion people who’ve downloaded the Skype mobile app now can use it to send money across borders.
Starting today (2 August) the service will begin rolling out to PayPal and Skype users in the US, UK, Austria, Belgium, Canada, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, San Marino, Slovakia, Slovenia and Spain.
The service initially will be rolled out to Skype customers on the latest version of Skype for iOS and Android mobile devices.
In a blog post, PayPal’s John Kunze, vice-president, global consumer product and Xoom, cites several partnerships over the last 12 months, including deals with Apple, Slack and Microsoft to enable P2P payments with PayPal and Venmo “in more places and in more contexts where people are connecting online and on mobile, such as a voice command with Siri, in chat with iMessage and Slack, and in email via Microsoft’s Outlook.com”.
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