PayPal is partnering with Paycorp on a new verticals market payments initiative.
Under the arrangement, Paycorp will provide PayPal with transaction processing and delivery services. PayPal will integrate with Paycorp’s existing payments tools, ARN Net reported on Feb. 10.
“We are seeing an increased demand by consumers for flexibility and choice in regards to digital payments, with mobile serving as a critical channel,” Simon Banks, PayPal enterprise sales director, said in a statement. “As consumers continue to evolve behaviors and embrace new technologies, different payment options (are) becoming more crucial than ever for merchants.”
PayPal has attracted buzz recently for its rumored mPayments pitch to Apple execs. Learn more about what’s happening in the mobile payments realm by reading Market Platform Dynamics CEO Karen Webster’s commentary by clicking here.
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