Tag Archives: PayPal

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UNice Mid-Year Shopping Festival 2021 Is Here: Up to 50% off

Xuchang, Henan, China, 2021-JUNE-09 — /EPR RETAIL NEWS/ — The UNice 2021 Mid-Year Shopping Festival is here! In the 2021 UNice Mid-Year sale, the company UNice hair is providing a huge discount, from June 6.10 to 6.18, it lasts for 8 days only.

UNice is a brand company on hair products, which can make sure the hair quality, 15 days no reason return if customers don’t satisfy about the package. The customer service hotline can help you solve problems you meet no matter before-sale, on-sale, and after-sale.

About UNice Mid Year sale

Here are the discount details:

  • 60% off for some clearance hair products
  • Up to 15% Off for all lace front human hair wigs
  • Win $100 coupon and free hair or gifts
  • The promotion lasts from 6.10 to 6.18

In addition to Double Eleven, another large shopping festival in China (the largest mid-year shopping promotion) generating huge sales is 618 around 18 June.

At Unice mid-year deals, all Unice human hair and wigs can enjoy low prices with UNice’s hair coupon, they will release the newest code in June.

Every customer can get $100 coupons,$10 on orders $100+,$20 on orders $200+,$30 on orders $300+,$40 on orders $400+.

If customers are worried about the hair quality, you can check the UNice hair reviews which tell the truth about UNice hair.

To ease the pressure of payment and alleviate the financial burden on customers, UNice continues to expand its partnerships to open up the possibility of affordable human hair wigs to more people.

The latest partners are the global popular Klarna, PayPal, Quadpay, and Sezzle, which are all leading US-based installment payment platform, providing consumers with a simple, transparent, and financially responsible alternative to traditional credit, Customers can buy what they need today and pay later in 4 payments with these BNPL ways.No interest and no fees.

The spokesperson maintains that they are one of the leading suppliers of virgin real human hair lace front wigs. They have a variety of frontal wigs, hd lace wigs,u part wigs,honey blonde wigs,available in different textures, such as body wave, water wave, straight, natural wave, deep wave, Jerry curly, loose wave, kinky straight, loose wave, super deep and so on.

These hair wigs offer a natural look and come with different hair lengths, ranging from 8 inches to 26 inches. The wigs are available at reasonable prices.

Moreover, the discounts offered under the Prime Day promotion reduces the prices of lace front wigs even further. According to the spokesperson, they offer high-quality wigs and hair accessories only, and this is now an opportunity for customers to grab their favorite hairstyle at never-before prices. The web store expects to sell a large number of items under their ongoing Mid Year Promotions.

If women who want to have a new look, don’t miss this Mid-Year Shopping Festival sale, all the new lace front wigs can enjoy 15% off, affordable price.

Besides, customers can get more hairstyles for different occasions, including birthday hair, wedding hairstyles, workout, shopping, and others.

  • Cut money to get UNice free hair on UNice App.
  • Download UNice App to Get More Discount!
  • Become PLUS VIP, Get an Extra 5% off!
  • Unice Clearance Sales: Up to 50% off!!!

At UNice hair store, a customer’s good hair day is their first priority. As one of the most trusted online-based distributors of premium hair extensions, they work tirelessly to consistently provide all of their customers throughout the U.S. with the best human hair products money can buy.

Just like the fashions they sell, UNicer Company is here to stay. They have more than 20 years of combined experience in the beauty industry, to learn just how to divide the bad from the best hair products. They have been around for long enough to establish a trusting relationship with companies and individuals. Their repeat customers know that they consistently provide the kind of high-quality hair they want to wear and that they will continue to provide their products and services for years to come.

Source: EPR Network

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PayPal and Synchrony to expand strategic consumer credit relationship

Synchrony Financial to Acquire U.S. Consumer Credit Receivables from PayPal, Companies Extend Co-Brand Credit Card Relationship

SAN JOSE, Calif. & STAMFORD, Conn., 2017-Nov-20 — /EPR Retail News/ — PayPal Holdings, Inc. (NASDAQ:PYPL) and Synchrony Financial (NYSE:SYF) today (Nov 16, 2017) announced an agreement to significantly expand their strategic consumer credit relationship. Under the terms of the transaction, Synchrony Financial will acquire $6.8 billion in receivables, including PayPal’s U.S. consumer credit receivables portfolio, which totaled approximately $5.8 billion in receivables as of October 31, 2017, and approximately $1 billion in participation interests in receivables held by certain investors and a chartered financial institution. Subject to regulatory approval and other customary conditions, this transaction is expected to close in the third quarter of 2018.

In addition, at closing, PayPal and Synchrony Bank will extend the existing co-brand consumer credit card program agreement, and Synchrony Bank will also become the exclusive issuer of the PayPal Credit online consumer financing program, in the U.S. for 10 years.

“Providing great payments experiences to our customers is at the core of everything we do,” said Dan Schulman, President and CEO of PayPal. “Our expanded relationship with Synchrony Financial will free up cash currently used to fund consumer credit receivables for other uses, while accelerating our ability to deliver engaging credit and payments experiences for our customers. We believe this transaction significantly advances our strategic and financial goals.”

“This collaboration builds on a key partner relationship in the rapidly growing digital payments space and expands our capabilities within the merchant environment,” said Margaret Keane, President and Chief Executive Officer of Synchrony Financial. “The partnership with PayPal extends our expertise in advanced analytics and underwriting across all digital channels, providing deeper insights into the unique needs of the PayPal customer.”

Since 2004, PayPal and Synchrony Bank have partnered to offer PayPal-branded consumer credit card options that enable cardholders to shop online and in stores. PayPal and Synchrony Bank will be expanding their program agreement to include the PayPal Credit online consumer financing program available to PayPal’s U.S. customers. Through this expanded relationship, PayPal will continue to provide access to innovative consumer credit products, while Synchrony Bank will provide program management capabilities. This transaction enables PayPal to control customer-facing activities, which aligns with PayPal’s strategy of enhancing the consumer experience, while simultaneously allowing for more efficient capital allocation.

Online consumer financing has been a strategic offering of the PayPal platform since 2008, and is a proven driver of consumer and merchant engagement. The expanded agreement with Synchrony Bank for both the U.S. PayPal Credit online consumer financing program and the U.S. PayPal-branded consumer credit card program complements PayPal’s successful partnering strategy and allows PayPal to collaborate with an industry leader to enrich and expand PayPal’s consumer credit offerings. The expanded relationship will enable innovative customer experiences by leveraging the joint capabilities and strengths of each company.

BofA Merrill Lynch acted as the financial advisor to PayPal. Morgan Stanley & Co. LLC acted as the financial advisor to Synchrony Financial.

PayPal will host a conference call to discuss the transaction at 5:30 a.m. Pacific Standard Time (PST) today. A live webcast of the conference call, together with a slide presentation, can be accessed through the company’s Investor Relations website at https://investor.paypal-corp.com. In addition, an archive of the webcast will be accessible for 90 days through the same link.

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 218 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 PayPal financial information, visit https://investor.paypal-corp.com.

Forward Looking Statements About PayPal

This announcement contains “forward-looking” statements within the meaning of applicable securities laws. Forward-looking statements and information relate to future events and future performance and reflect, among other things PayPal’s expectations regarding the anticipated benefits of this transaction and the timing of the closing of the transaction. Forward looking statements may be identified by words such as “seek”, “believe”, “plan”, “estimate”, “anticipate”, expect”, “intend”, and statements that an event or result “may”, “will”, “should”, “could”, or “might” occur or be achieved and any other similar expressions.

Forward-looking statements involve risks and uncertainties which may cause actual results to differ materially from the statements made. Factors that could cause or contribute to such differences include, but are not limited to, the timing and possible outcome of regulatory approvals in connection with the transaction, the possibility that the transaction may not close, and the possibility that the anticipated benefits of the transaction may not be realized. More information about these and other factors can be found in PayPal Holdings, Inc.’s most recent Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other filings with the Securities and Exchange Commission (the “SEC”), and its future filings with the SEC.

There are no assurances PayPal can fulfill forward-looking statements and information. Such forward-looking statements and information are only predictions based on current information available to the PayPal management team as of the date that such predictions are made; actual events or results may differ materially as a result of risks facingPayPal, some of which are beyond PayPal’s control. Although PayPal believes that any forward-looking statements and information contained in this press release are based on reasonable assumptions, readers cannot be assured that actual outcomes or results will be consistent with such statements. Accordingly, readers should not place undue reliance on forward-looking statements and information.

About Synchrony Financial

Synchrony Financial (NYSE: SYF) is one of the nation’s premier consumer financial services companies. Our roots in consumer finance trace back to 1932, and today we are the largest provider of private label credit cards in the United States based on purchase volume and receivables.* We provide a range of credit products through programs we have established with a diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers to help generate growth for our partners and offer financial flexibility to our customers. Through our partners’ over 365,000 locations across the United States and Canada, and their websites and mobile applications, we offer our customers a variety of credit products to finance the purchase of goods and services. Synchrony Financial offers private label credit cards, Dual Card™, and general purpose co-branded credit cards, promotional financing and installment lending, loyalty programs and FDIC-insured savings products through Synchrony Bank. More information can be found at www.synchronyfinancial.com, facebook.com/SynchronyFinancial, www.linkedin.com/company/synchrony-financial and twitter.com/SYFNews.

* Source: The Nilson Report (June 2017, Issue # 1112) – based on 2016 data.

Forward Looking Statements About Synchrony Financial

This announcement contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements may be identified by words such as “expects,” “intends,” “anticipates,” “plans,” “believes,” “seeks,” “targets,” “outlook,” “estimates,” “will,” “should,” “may” or words of similar meaning, but these words are not the exclusive means of identifying forward-looking statements. Forward-looking statements are based on management’s current expectations and assumptions, and are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. As a result, actual results could differ materially from those indicated in these forward-looking statements.

We caution you against relying on any forward-looking statements, including those that are included in our public filings, which should be read in conjunction with the other cautionary statements that are included in our public filings, including under the heading “Risk Factors” in the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2016, as filed on February 23, 2017. You should not consider any list of such factors to be an exhaustive statement of all of the risks, uncertainties, or potentially inaccurate assumptions that could cause our current expectations or beliefs to change. Further, any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law.

Contact:

For PayPal
Investors:
Gabrielle Rabinovitch
Vice President
Investor Relations
grabinovitch@paypal.com

Media:
Amanda Miller
408-219-0563
Director
Corporate Communications
amanmiller@paypal.com

For Synchrony Financial
Investors:
Greg Ketron
203-585-6291

Investor Relations:
investorrelations@syf.com

Lisa Lanspery
203-585-6143
Corporate Communications
Lisa.Lanspery@syf.com

Source: PayPal Holdings, Inc.

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PayPal service Venmo now accepted at more than two million U.S. retailers

Venmo adds mobile web checkout capabilities, purchase protection, and instant transfer to bank account; launches national brand campaign

SAN JOSE, Calif., 2017-Oct-19 — /EPR Retail News/ — Starting this week, Venmo customers can shop on their mobile phone and make purchases at more than two million U.S. retailers via the mobile web. Venmo customers can now more easily split online purchases among friends and share payments on the Venmo feed, making it easier than ever to celebrate group experiences and remove the awkwardness that comes with cash or checks.

Just in time for the holiday season, Venmo customers can shop at millions of merchants that accept PayPal – such as Lululemon, Forever 21, and Foot Locker – using their Venmo balance or linked credit card, debit card, or bank account. At launch, Venmo customers will receive a notification in their Venmo app inviting them shop. Eligible purchases made with Venmo qualify for purchase protection, which may provide a full refund if customers don’t receive an item or it’s significantly different than the description.

“Offering a way to pay at millions of retailers is a major step in the evolution of Venmo,” said Bill Ready, Chief Operating Officer of PayPal. “Our vision for Venmo is to not only be the go-to app for payments between friends, but also a ubiquitous digital wallet that helps consumers spend wherever and however they want to pay, regardless of device. Through 2017 and beyond, we will continue to evolve the payments experience that has helped make Venmo a cultural staple, while also applying that same magic to split, share and pay in new ways.”

To celebrate Venmo’s place in today’s culture, Venmo revealed this week a new brand campaign, dubbed “_______ Me,” which celebrates Venmo’s status as a household name and reminds everyone that payments can be fun. “_______ Me” takes an irreverent approach to everyday moments in which people use Venmo. The multi-platform campaign, which runs through the end of the year, includes digital, experiential, and outdoor advertising. The new campaign was created in partnership with Zambezi and Noble People.

In addition, to provide more options to easily manage and move money, Venmo customers will soon be able to instantly transfer money from Venmo to their bank accounts via eligible debit cards, providing access to funds faster than ever before for just $0.25 per transfer. Funds will typically be available in a customer’s bank account in a matter of seconds, although some banks may take up to 30 minutes. The new option will be available to all Venmo users over the coming months. Funds in a customer’s balance are immediately available to use when shopping with Venmo, and as always, there is no charge to transfer funds directly to a customer’s bank account through the original bank transfer functionality.

Businesses can now offer Venmo as a mobile payment option through the PayPal and Braintree platforms. To learn more, visit www.venmo.com/business.

About Venmo
Venmo, a service of PayPal, Inc., is a leading mobile app in the U.S. used to move money between friends and family and pay at select businesses. Venmo makes payment a fun, social experience that eliminates the awkwardness that comes with cash or checks. For more information, visit https://www.venmo.com.

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 210 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 PayPal financial information, visit https://investor.paypal-corp.com.

Contacts:
Josh Criscoe
Venmo Communications
josh@venmo.com

Source: PayPal

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PayPal announces the appointment of Rodney C. Adkins to its Board of Directors

SAN JOSE, Calif., 2017-Oct-02 — /EPR Retail News/ — PayPal Holdings, Inc. (NASDAQ: PYPL) today announced it has appointed Rodney C. Adkins to its Board of Directors. A seasoned technology and business executive with experience leading transformative product introductions and developing innovative business solutions, Mr. Adkins will serve on PayPal’s Audit, Risk and Compliance Committee. His appointment was effective September 26, 2017.

Mr. Adkins is President of 3RAM Group LLC, a privately held company specializing in capital investments, business consulting services and property management. Prior to 3RAM Group, he spent more than 30 years at International Business Machines Corporation (IBM), where he most recently served as Senior Vice President, Corporate Strategy, leading continuous transformation projects, developing new strategic growth opportunities, and expansion in Africa. During his extensive tenure with IBM, Mr. Adkins led global teams, managed multi-billion dollar business segments and delivered a vast portfolio of business products including contributing innovative advancements to the Personal Computer industry, launching nascent mobile technology and delivering market leadership for UNIX, Mainframes and Supercomputer systems.

“On behalf of PayPal’s directors and global team, I am excited to welcome Rod to our Board,” said Dan Schulman, president and chief executive officer of PayPal. “As an exceptionally experienced and respected business leader, his track record of driving innovation and business solutions at a leading global technology company makes him a valuable addition to the Board as we continue to deliver on PayPal’s growth strategy and intensify our focus on attracting and engaging customers on PayPal’s global payments platform.”

“It is an honor to serve on the Board of PayPal, the global leader in payments,” said Rodney C. Adkins. “I look forward to the opportunity to work with Dan and the entire PayPalBoard to contribute to this remarkable company.”

Mr. Adkins holds a BA with an emphasis in physics from Rollins College and BS and MS degrees in electrical engineering from Georgia Tech. Mr. Adkins serves on the board of directors for United Parcel Service (UPS), Grainger, PPL Corporation, Avnet, Kappa Alpha Psi Foundation, the Smithsonian Institution and the Harlem School of the Arts. He is a member of the Executive Leadership Council (ELC), a trustee of the Georgia Institute of Technology (Georgia Tech) and Rollins College and was inducted into the National Academy of Engineering (NAE).

The appointment of Mr. Adkins will increase PayPal’s Board of Directors to 11 members.

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 210 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 PayPal financial information, visit https://investor.paypal-corp.com.

PayPal Investor Relations Contact:
Gabrielle Rabinovitch
Vice President, Investor Relations
grabinovitch@paypal.com
or
PayPal Media Relations Contact:
Amanda Miller, 408-219-0563
Director, Corporate Communications
amanmiller@paypal.com

Source: PayPal Holdings, Inc.

SOURCE: PayPal

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Citi and PayPal expand cooperation to enable Citi Cardmembers to Use ThankYou Points at PayPal Checkout

Deal Will Enable Citi Cardmembers to Use ThankYou Points at PayPal Checkout

NEW YORK, 2017-Jul-21 — /EPR Retail News/ — Today (Jul 20, 2017), Citi and PayPal announced an expansion of their strategic agreement that will broaden consumer payment choices by enabling eligible Citi cardmembers to use their ThankYou Points to pay for all or part of purchases when shopping online at millions of merchants that accept PayPal in the United States. This functionality is slated to launch in 2018.

“At Citi, we continuously strive to enable consumers to transact when they want and how they want,” said Ralph Andretta, Head of U.S. Branded Cards, Citi. “Our expanded agreement with PayPal will enable our 14 million ThankYou Rewards members in the U.S. to utilize an innovative, intuitive new channel to redeem their points. We also look forward to offering this capability on a global scale in the near future.”

In 2016, Citi entered into a strategic agreement with PayPal to enable cardmembers to use their cards with PayPal seamlessly – online, in-app and in store. The agreement also included a plan to tokenize cards for customers wishing to use PayPal for in-store purchases, across Mastercard and Visa portfolios in the U.S.

“This agreement with Citi is about deepening our relationship as well as creating a deeper platform integration that can add value to our joint customers,” said Gary Marino, Chief Commercial Officer at PayPal. “Soon we can offer a new way for Citi cardmembers to purchase items online with Citi ThankYou Points at millions of our merchants in the U.S. These new capabilities showcase the power and flexibility of our technology platforms.”

This announcement follows the introduction of a series of new, innovative enhancements to Citi’s mobile offerings including the ability to dispute certain credit card charges, view or download PDF statements, as well as track the steps of their replacement credit card delivery in real-time within the Citi Mobile App.

About Citi

Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi | Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi | LinkedIn: www.linkedin.com/company/citi.

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 203 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 PayPal financial information, visit https://investor.paypalcorp.com.

Contact:

Citi
Jennifer Bombardier
718-248-4652
jennifer.bombardier@citi.com

PayPal
Chris Morse
914-413-3045
cmorse@paypal.com

Source: Citi and PayPal

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JPMorgan Chase and PayPal to make it easy to add Chase cards via Chase Pay to PayPal accounts

Chase consumers will be able to seamlessly link their Chase cards to PayPal and pay with Ultimate Rewards points when linked to Chase Pay where PayPal is accepted online and in app

NEW YORK, 2017-Jul-21 — /EPR Retail News/ — JPMorgan Chase (NYSE:JPM) and PayPal (NASDAQ:PYPL), two global payments leaders, have announced a partnership that will make it easy to add Chase cards via Chase Pay to PayPal accounts, and will soon offer customers the option of paying with Ultimate Rewards points when linked through Chase Pay at PayPal’s millions of online merchants.

In addition, PayPal will have the ability to process payments on ChaseNet, a unique, closed-loop payment network.

“We’re excited to partner with PayPal — both our companies have been innovators in payments and we share a focus on making the payment experience simpler for our customers and merchants,” said Gordon Smith, CEO of Consumer & Community Banking at Chase.

Highlights of the partnership:

  • Chase customers will be able to seamlessly link their Chase cards via Chase Pay to their PayPal Wallet and have the option to pay with Ultimate Rewards points when linked through Chase Pay at PayPal’s millions of online merchants
  • Chase and PayPal will make it easy for PayPal customers to link their Chase cards to their PayPal account
  • J.P. Morgan will process Chase card payments from PayPal via ChaseNet
  • Chase cardholders will be able to use their PayPal account in store through the PayPal mobile wallet
  • Braintree will make Chase Pay available as a payment method for its merchants to integrate into their checkout experiences
  • A pipeline of future payments innovations will benefit approximately 94 million credit, debit and pre-paid card accounts, and four million businesses Chase serves

“This partnership is about deepening our relationship and leveraging each other’s core assets to deliver simple, secure and truly transformative payment experiences for our joint customers,” said Dan Schulman, PayPal’s CEO. “Our deep platform integration will add tremendous value to consumers who can now use PayPal and Chase products in more places, but also create new payment methods that will allow consumers to have more spending power at our millions of merchant locations online, in app and in store.”

About Merchant Services and Chase Pay from JPMorgan Chase & Co.

Merchant Services is the payment acceptance and merchant acquiring business of JPMorgan Chase & Co. (NYSE: JPM) – a global financial services firm with assets of $2.6 trillion and operations worldwide. It is a leading provider of payment, fraud management and data security solutions, capable of authorizing payment transactions in more than 130 currencies. Its processing platforms, including ChaseNet, provide integrated solutions for all major credit and debit card payments as well as mobile payments. The firm processed more than $1 trillion in payment transaction volume worldwide in 2016 and is the #1 ranked merchant acquirer worldwide according to The Nilson Report. Chase Pay is the firm’s digital wallet available on approximately 94 million Chase credit, debit and pre-paid card accounts. Chase Pay benefits both consumers and merchants with its simple, safe, and rewarding experience for online and mobile users. For more visit jpmorganchase.com.

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 203 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 PayPal financial information, visit https://investor.paypal-corp.com/.

Contacts:

Chase:
MaryJane H. Rogers
maryjane.h.rogers@chase.com

Maribel Ferrer
maribel.ferrer@chase.com

PayPal:
Chris Morse
914-413-3045
cmorse@paypal.com

Source:  JPMorgan Chase

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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