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Uber-PayPal Pair-Up Now Online In 19 Nations

PayPal and Uber have been partnered on payments since 2013 — and that partnership is about expand. Uber is available in 300 cities, and soon riders in Canada, Greece, Hong Kong, Israel, Mexico, New Zealand, Singapore, Sweden and Switzerland can use PayPal to pay for their trips without using a credit card. PayPal, apart from the U.S., was already available for riders in Australia, Austria, Belgium, France, Germany, Ireland, Italy, the Netherlands, and the U.K. since 2013.

PayPal, according to TechCrunch, may offer Uber an option in developing markets where card-based payments are not a standard commerce offering. Uber is currently running a cash payment test in India.

Uber’s offer to PayPal, however, is obviously strong as it affords the soon-to-be independent payments player access to Uber’s large (and growing) international consumer base.

Not on the list for the expanded partnership are either China or India, which is not too terribly surprising. Regulatory issues forced Uber to adopt an in-app payment wallet in India, and in China Uber has partnered with Alibaba-backed Paytm. China is also home to Alipay  – which processes almost three times as many payments as PayPal and is already tied in with Uber.

 
To check out what else is HOT in the world of payments, click here.

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New PYMNTS Study: Subscription Commerce Conversion Index – July 2020 

Staying home 24/7 has consumers turning to subscription services for both entertainment and their day-to-day needs. While that’s a great opportunity for providers, it also presents a challenge — 27.4 million consumers are looking to cancel their subscriptions because of friction and cost concerns. In the latest Subscription Commerce Conversion Index, PYMNTS reveals the five key features that can help companies keep subscribers loyal despite today’s challenging economic times.

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