PayPal‘s partnership with Visa is only the beginning, according to CEO Dan Schulman. The payments industry was awash in rumors of a PayPal-Visa partnership this week, and yesterday, when both companies reporting their Q2 earnings, the rumor was shown to be true. Exact terms of the deal were not disclosed.Read More
Post Tagged with: "Visa Checkout"
Visa may soon start targeting PayPal in ways you’ve “never seen before,” its CEO has warned investors. PayPal has long been walking the line with traditional payment networks. So when asked about the “friend or foe” debate with PayPal, Visa CEO Charles Scharf said out loud recently what many have long been thinking:Read More
PayPal, take notes. Visa yesterday disclosed that it has “more than 7 million registered users” for its Visa Checkout service, a PayPal competitor. PayPal counts 173 million active users. Visa Checkout was launched in Aug. 2014. MasterCard, by comparison, has not announced how many registered users it has for itsRead More
Retailers, like Neiman Marcus, are excited about Visa Checkout.
Even payment giants like Visa get nervous about digital disruption in financial services.
It’s yet another black day for mobile wallets. Visa unveiled a new service today called Visa Checkout that lets users conduct e-commerce transactions. The service essentially replaces V.me, Visa’s mobile wallet product, and can be seen as a pullback from mobile payments at the point of sale into the simpler e-commerce and m-commerce space. The www.v.me URL now forwards to Visa Checkout.