20 October 2017
Register now

PayPal strikes deals with Chase and Citi

21 July 2017  |  13540 views  |  0 PayPal logo

PayPal has strengthened its ties to two of America's biggest banks, forming a comprehensive partnership with JPMorgan Chase and a rewards-focussed deal with Citi.

The deal with JPMorgan will mean that Chase customers can add their cards to PayPal directly from Chase properties. In addition, Chase customers will be able to use their cards in their PayPal wallet in-store via NFC.

The deal also means that Chase customers will be able to use their reward points for purchases via PayPal. Meanwhile, Chase Pay will be added as a payment option for merchants that use Braintree and PayPal will be able to process payments on JPMorgan's payment network, ChaseNet.

PayPal struck a similar arrangement with Citi in December and is now expanding that deal to let the bank's ThankYou Rewards cardholders redeem their points at merchants that accept PayPal online and in app.

PayPal president Dan Schulman says the bank tie ups will "drive more choice, flexibility and value for our joint customers" and "enable PayPal to further expand its reach in-store".

Comments: (0)

Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

PayPal invests in LendUp

PayPal invests in LendUp

29 June 2017  |  7004 views  |  0 comments | 9 tweets | 7 linkedin
PayPal brings instant bank transfers to Venmo

PayPal brings instant bank transfers to Venmo

20 June 2017  |  7666 views  |  0 comments | 17 tweets | 20 linkedin
Google and PayPal partner for mobile shopping by fingerprint

Google and PayPal partner for mobile shopping by fingerprint

18 May 2017  |  13159 views  |  0 comments | 29 tweets | 30 linkedin
PayPal forges mobile payments deal with Google

PayPal forges mobile payments deal with Google

18 April 2017  |  9432 views  |  0 comments | 19 tweets | 22 linkedin
PayPal targets the high street through MasterCard deal

PayPal targets the high street through MasterCard deal

06 September 2016  |  8369 views  |  8 comments | 18 tweets | 11 linkedin
Rivals Visa and PayPal set out on 'new path'

Rivals Visa and PayPal set out on 'new path'

21 July 2016  |  12440 views  |  2 comments | 8 tweets | 18 linkedin

Related blogs

Create a blog about this story (membership required)
visit www.innotribe.comRegister nowvisit www.fivedegrees.nl

Top topics

Most viewed Most shared
Ripple looks to drive bank adoption with $300m XRP rebate programmeRipple looks to drive bank adoption with $...
16072 views comments | 12 tweets | 4 linkedin
satelliteGates Foundation backs Ripple collaboratio...
8314 views comments | 13 tweets | 10 linkedin
HSBC partners Bud for open banking trialHSBC partners Bud for open banking trial
7877 views comments | 21 tweets | 26 linkedin
IBM uses blockchain to improve cross-border payments processingIBM uses blockchain to improve cross-borde...
7303 views comments | 9 tweets | 17 linkedin
Sibos 2017: API or the highwaySibos 2017: API or the highway
6633 views comments | 10 tweets | 21 linkedin

Featured job

Competitive
New York, NY - USA (some flexibility on location)

Find your next job