PayPal and Visa partnership to enhance payment experience online, in app and in store for consumers and merchants in Asia Pacific

Digital partnership will enhance the payment experience online, in app and in store

SINGAPORE, 2017-Apr-07 — /EPR Retail News/ — PayPal (Nasdaq: PYPL) and Visa (NYSE:V) today (April 4, 2017) announced an extension of their U.S. partnership in Asia Pacific that will see them work collaboratively to accelerate the adoption of secure, reliable and convenient digital and mobile payments for consumers and merchants in markets throughout the region.

This partnership makes it easier for Visa issuing banks in Asia Pacific to offer their cardholders the ability to checkout anywhere PayPal is accepted online. It also expands the use of PayPal to retailers that accept Visa in physical locations.

The agreement is an extension of the strategic partnership between PayPal and Visa in the United States, announced in July 2016 and provides joint growth opportunities based on the following:

  • Customer Choice: PayPal and Visa will create a more seamless experience for consumers who choose to pay with their Visa card at retailers that accept PayPal. Through collaboration with Visa bank partners, consumers will be able to easily add Visa cards into PayPal from other banking apps.
  • Digital collaboration: Visa and PayPal agree to extend participation in the Visa Digital Enablement Program (VDEP). VDEP provides Visa’s partners with access to tokenisation technology, which enables payment on mobile phones or any connected device. This will expand the use of PayPal to retailers that accept Visa in physical locations.
  • Joint service propositions for emerging markets: PayPal and Visa will work together to expand access to enable the use of electronic payments in emerging markets in the Asia Pacific region.
  • Easier and faster access to funds: Visa will provide the option for PayPal to leverage Visa Direct (Visa’s push payments solution), allowing PayPal customers to move funds to their Visa accounts in real time across multiple markets.

“We could not be more proud of our extended partnership agreement with Visa in the Asia Pacific markets,” said Dr. Rohan Mahadevan, Senior Vice President for PayPal Asia Pacific. “This is a strong signal that our decision to partner in 2016 was the right thing to do for PayPal, Visa and our millions of merchants and consumers in this region. We look forward to partnering with Visa to offer more choice and better experiences together online, in app and in store within Asia Pacific.”

“Visa and PayPal are aligning our businesses to bring best in class payment services to the entire ecosystem,” said Chris Clark, Group Executive, Asia Pacific, Visa. “From emerging markets where we’ll give consumers greater access to electronic payments to driving more seamless ways to pay in developed markets, Visa and PayPal will deliver new commerce experiences across the region.”

About PayPal

Fueled by a fundamental belief that having access to financial services creates opportunity, PayPal (Nasdaq: PYPL) is committed to democratizing financial services and empowering people and businesses to join and thrive in the global economy. Our open digital payments platform gives PayPal’s nearly 200 million active account holders the confidence to connect and transact in new and powerful ways, whether they are online, on a mobile device, in an app, or in person. Through a combination of technological innovation and strategic partnerships, PayPal creates better ways to manage and move money, and offers choice and flexibility when sending payments, paying or getting paid. Available in more than 200 markets around the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to receive money in more than 100 currencies, withdraw funds in 56 currencies and hold balances in their PayPal accounts in 25 currencies. For more information on PayPal, visit https://www.paypal.com/about. For PYPL financial information, visit https://investor.PayPal-corp.com.

About Visa

Visa Inc. (NYSE: V) is a global payments technology company that connects consumers, businesses, financial institutions, and governments in more than 200 countries and territories to fast, secure and reliable electronic payments. We operate one of the world’s most advanced processing networks — VisaNet — that is capable of handling more than 65,000 transaction messages a second, with fraud protection for consumers and assured payment for merchants. Visa is not a bank and does not issue cards, extend credit or set rates and fees for consumers. Visa’s innovations, however, enable its financial institution customers to offer consumers more choices: pay now with debit, pay ahead with prepaid or pay later with credit products. For more information, visit usa.visa.com/about-visa, visacorporate.tumblr.com and @VisaNews.

Contact:

PayPal
Yvonne Koh
YvonneKoh@paypal.com
+65 6510 6438
+65 8333 8718

Visa
Jillian Friant
jfriant@visa.com
+65 6671 5388
+65 9030 8381

SOURCE: Visa; PayPal

Kohl’s enhances its in-store and online toy assortment this holiday season

MENOMONEE FALLS, Wis., 2016-Sep-09 — /EPR Retail News/ — Kohl’s (NYSE: KSS) announces an enhanced in-store and online toy assortment this holiday with even more of the hottest brands and products across the most popular toy categories of the season. This includes a retail partnership with American Girl, a premium brand loved by girls of all ages, to carry the 2016 Girl of the Year products and new WellieWishers line in more than 1,100 Kohl’s stores across the country. With one-of-a-kind exclusives, new trusted brands and expanded gifts, Kohl’s and Kohls.com is the destination this holiday for must-have toys.

“Customers can rely on Kohl’s for an impressive selection of the season’s most wanted toys and iconic national brands that are sure to deliver memorable moments for families this holiday,” said Michelle Gass, Kohl’s chief merchandising and customer officer. “With exciting new brands like American Girl hitting our shelves, Kohl’s offers gift-givers an incredible value on the most coveted toys that top children’s wish lists.”

Only at Kohl’s
New this year, consumer-favorite American Girl has partnered with Kohl’s to be the select carrier of its popular 2016 Girl of the Year Lea doll and related accessories. The assortment includes tropical-inspired doll outfits, accessories and girls’ apparel that reflect Lea’s travel and adventure themes. The 2016 Girl of the Year products will be available in-store only in more than 1,100 Kohl’s stores nationwide starting Monday, October 3 through the end of the year, or while supplies last. Prices will range from $24 for accessories to $120 for the doll and book. The Lea collection items available at Kohl’s include:

• 2016 Girl of the Year Doll and Accessories
• 2016 Girl of the Year Lea Doll and Book
• Lea’s Rainforest Hike Outfit and Accessories for Dolls
• Lea’s Mix-n-Match Swim Set for Dolls
• Lea’s Beach Accessories for Dolls
• Lea’s Beach Picnic Set for Dolls
• Lea-Themed Girls’ Apparel and Accessories
• Lea’s Dress for Girls
• Lea’s Rainforest Dreams Pajamas for Girls
• Lea’s Adventure Tee for Girls

Top New Toys
Customers can find the most sought-after brands and toys with the company’s strong assortment of new merchandise. For the first time, toys ranging from fun-loving WellieWishers dolls and accessories from American Girl to innovative STEM products by Meccano and Fisher-Price that combine learning science, technology, engineering and math, all while having fun, will be available at Kohl’s and Kohls.com/toys. Top new merchandise includes:

• American Girl WellieWishers dolls (Available in-store only)
• BB8 App-Enabled Droid by Sphero
• Razor Hovertrax 2.0
• Fisher-Price Code-A-Pillar
• Magformers Rainbow 30-Piece Set
• Y-Volution Y-Fliker Air A1 Scooter
• Funko POP! Five Nights at Freddy’s Collectibles
• Playskool Mr. Potato Head Marvel Iron Man vs. Spider-Man with Hulk Pieces (Exclusively at Kohl’s)
• Num Noms Lip Gloss Truck
• Squinkies Squinkieville Club House
• Lion Guard Figure 5-Pack
• Nerf Modulus

Amplified Tech Assortment
For kids of all ages, interactive products are back and better than ever. The new and expanded tech toy collection now includes a deeper selection of industry-leading brands and enhanced technology options. Find favorites such as Furby Connect, Skyviper drones and Zoomer pets. Count on Kohl’s for these tech toys:

• Furby Connect (Available at Kohls.com only)
• Skyviper drone HD Streaming Drone
• Razor Powercore E90 Electric Scooter
• Spin Master Zoomer Chimp
• Spin Master Meccano Meccasaur
• Spin Master Hatchimals
• World Tech Mini Orion (Available at Kohls.com only)
• WowWee CHiP the Robot Pup
• WowWee Coji The Coding Robot
• Star Wars The Force Band by Sphero
• Sphero Spider-Man App-Enabled Connected Toy

Hottest Licensed Properties
Gift giving is made even easier this year with a new in-store destination that brings together key categories inspired by the most popular shows and movies. Merchandise celebrating coveted entertainment properties, such as Disney TSUM TSUM, Trolls and Shopkins, will come together in one space with character toys, apparel, accessories and sleepwear. Action figures, games, masks and lightsabers will also be carried along with all new exclusives revealed on Friday, September 30 when Star Wars: Rogue One product arrives at Kohl’s stores nationwide and Kohls.com. Find must-have favorites and collectibles including:

• Disney TSUM TSUM Plush and Collectibles
• Trolls Poppy’s Hair Salon (Exclusively at Kohl’s)
• Shopkins Sweet Spot
+ Shoppie Doll (Exclusively at Kohl’s)
• Star Wars Mashters of the Galaxy from Playskool Mr. Potato Head (Exclusively at Kohl’s)
• Marvel Captain America Magnetic Roleplay Set (Exclusively at Kohl’s)
• Funko POP! Marvel Captain America 75th Anniversary Collectibles (Exclusively at Kohl’s)
• Paw Patrol Lookout Playset (Exclusively at Kohl’s)
• Pegga Pig School and Bus Playset (Exclusively at Kohl’s)
• Barbie Puppy Mobile (Exclusively at Kohl’s)
• Hot Wheels Mega Garage (Exclusively at Kohl’s)

Incredible Savings
On top of offering the best toys of the season, Kohl’s makes it easy to save this holiday. Customers who sign up for Kohl’s Yes2You Rewards® will find extra savings every time they shop. Members earn one point for every dollar they spend, no matter how they pay, with no limit on points earned and no cost to join. They also receive a $5 reward for every 100 points in addition to other exciting benefits, like guaranteed savings offers, chances to earn bonus points and more. Only at Kohl’s, customers can earn $10 Kohl’s Cash for every $50 spent in store or online during Kohl’s Cash promotions. Best of all, there is no limit to how much customers can earn, and they can use it to save on a future purchase.

About Kohl’s
Kohl’s (NYSE: KSS) is a leading specialty department store with more than 1,100 stores in 49 states. With a commitment to inspiring and empowering families to lead fulfilled lives, the company offers amazing national and exclusive brands, incredible savings and inspiring shopping experiences in-store, online at Kohls.com and via mobile devices. Committed to its communities, Kohl’s has raised nearly $300 million for children’s initiatives nationwide through its Kohl’s Cares® cause merchandise program, which operates under Kohl’s Cares, LLC, a wholly-owned subsidiary of Kohl’s Department Stores, Inc. For additional information about Kohl’s philanthropic and environmental initiatives, visit http://www.Kohls.com/Cares. For a list of store locations and information, or for the added convenience of shopping online, visit www.Kohls.com.

Connect with Kohl’s:

Facebook (http://www.facebook.com/Kohls)
Twitter (http://twitter.com/Kohls)
Google+ (http://plus.google.com/+Kohls) Pinterest (http://pinterest.com/Kohls) Instagram (http://instagram.com/Kohls) YouTube (http://www.youtube.com/kohls)

STAR WARS and related properties are trademarks and/or copyrights, in the United States and other countries, of Lucasfilm Ltd. and/or its affiliates. © & TM Lucasfilm Ltd.

Contacts:
Lisa Hellman
Lisa.Hellman@Kohls.com
917-339-7149

Molly Verette
Molly.Verette@Kohls.com
262-703-7008

Source: Kohl’s