PayPal’s Post

#PayPal today ushered in a new era for customers, making it easier than ever to shop and pay with PayPal anywhere, anytime – both in stores and online. 🚀 🏅Enhanced reward program: 5% cash back on up to $1,000 💳 Stackable Cash Back Rewards: discover and save offers in the PayPal app 🔄 Auto-reload: Personalized way to manage spending with a PayPal balance 📱Tap-to-Pay: Customers can now add their PayPal Debit Card to Apple Wallet 🛍️ Omni-channel solution: now online, in-app and in-store 🔐 Secure Transactions: As always, all transactions are encrypted and secured It's a pivotal moment for PayPal and its customers and a significant first step as we bring the power of PayPal to everywhere they shop. Also, we have a brand new look, check it out ;) https://www.paypal.com/us

Digital wallet update: 💵 💸 💰 Digital wallets are the fastest-growing payment method in the U.S., with nearly half of U.S. consumers (48%) saying that they had used digital wallets in the past 90 days. Consumer satisfaction with digital wallets rose four points to 664 on a 1,000-point scale, with ease of use the top factor driving the increase.  Among consumers who have used digital wallets: 40% have used PayPal 28% have used Apple Pay 22% have used Venmo and 19% have used Cash App Pay. At the same time, only 57% of small businesses currently accept digital wallets, compared to the 94% that accept physical cards. #digitalwallet

🚀 Is PayPal missing out on Gen Z? As digital payments evolve, companies like PayPal face new challenges in staying relevant and competitive. The recent article from the Financial Times sheds light on the generational shift impacting PayPal's market share and valuation. 📉 The decline in PayPal's share price and growth trajectory underscores the urgency for adaptation in today's dynamic digital landscape. With younger consumers favoring alternative payment methods like Apple Pay and buy now, pay later services, PayPal must pivot its strategy to capture this demographic. 🔍 Key insights reveal the dominance of mobile payment solutions, particularly among the 18-29 age group. As Apple Pay gains traction and desktop checkout experiences evolve, PayPal faces increased competition and dwindling user engagement. 💡 While PayPal's Braintree unit shows promise, monetizing platforms like Venmo remains a challenge. To regain investor confidence and secure its foothold in the market, PayPal must innovate and offer compelling incentives to attract and retain younger users. 💼 Based on my experience dealing payment methods, I believe PayPal's success hinges on its ability to adapt, innovate, and effectively engage with the next generation of consumers. I'd be curious to see how PayPal navigates these challenges and reshapes its future in the digital payments landscape. #DigitalPayments #Fintech #Innovation #PayPal #FinancialTimes

Tap to Pay on iPhone Now Available for Venmo and PayPal Zettle by PayPal Businesses in the U.S. “As consumers increasingly turn to non-cash options to pay, small businesses are looking for affordable and flexible ways to offer their customers more payment choice without being tied down to a fixed location,” said Nitin Prabhu, VP, Small Business & Financial Services, PayPal. “With Tap to Pay on iPhone, millions of small businesses that use Venmo and PayPal Zettle can now start accepting contactless card and digital wallet payments nearly anywhere, directly on their iPhones, which can expand their customer base and drive incremental sales.” https://lnkd.in/e3SBYarF Michelle Gill Michael Costigan Shanthi Sarkar Jonathan Han Liz Saunders Allyson Huve, CPA Rohit Dudani Erin Mackey John Hughes Papanii Okai Reilly Betsch Nile Nahar-Brown Nicole Berg Thejana De Zoysa Grace Nasri Nicole Andreas #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

🎁 PayPal's Game Changing Revamp: How is #PayPal Using a Rewards Card to Drive Deeper App Engagement & Revenue Growth? 💳💡 A bit late to the news, but PayPal US just upped its game with the revamped app and card, offering cashback rewards! But this move is more than just a perk for users - it’s a massive strategic play to increase app, brand engagement, and ultimately revenues from interchange and cross-sell. 🎯 💸 By incentivising card spend, PayPal is tapping into the everyday habits of its users, keeping them active within its ecosystem. More app engagement means more opportunities to cross-sell its other products - think credit (BNPL), online payments, crypto trading, and growing its rewards-based marketing business. 💼 📣 As users spend more via PayPal’s card, the company can leverage data and insights, driving targeted offers that increase revenue streams - creating an in-store and online discovery-to-purchase platform, similar to Klarna and Zilch (who I have wrote about previously). This isn't just a boost for consumers but a game-changer for PayPal's long-term strategy. 🤑 🛍️ PayPal is seamlessly is using cards to create a win-win-win strategy for itself, consumers, and businesses. It will be worth watching how this momentum will fuel their growth. 🚀 🏆 If you're a bank or fintech interested in modernising or getting into cards to drive app engagement and grow revenues, Episode Six (E6) can help. Interested to learn more about how cards are the key driver for financial app engagement? Read our article here: https://lnkd.in/etCQuCBt Let's connect! #Fintech #Payments #DigitalPayments #Digitalbanking #Banking

The study found that, at the start of 2022, PayPal was retail customers’ digital wallet of choice, and it was not even close. However, in the time since, Apple Pay has taken the lead. The Apple-owned digital wallet briefly surpassed the former favorite online payments system in the first quarter of last year before falling behind again. However, as of the first quarter of this year, Apple is ahead, and in the second quarter, that lead only continued to widen. As of Q2, 12% of consumers had made their last retail purchase using a digital wallet. Roughly 6% had used Apple Pay, and 4% had used PayPal.

𝑫𝒊𝒅 𝒚𝒐𝒖 𝒌𝒏𝒐𝒘? 𝑷𝒂𝒚𝑷𝒂𝒍 𝒃𝒐𝒂𝒔𝒕𝒔 𝒂 𝒖𝒔𝒆𝒓 𝒃𝒂𝒔𝒆 𝒐𝒇 𝒂𝒓𝒐𝒖𝒏𝒅 429 𝒎𝒊𝒍𝒍𝒊𝒐𝒏 𝒂𝒄𝒕𝒊𝒗𝒆 𝒂𝒄𝒄𝒐𝒖𝒏𝒕𝒔. Considering equipping the market?📱 Unlock the secrets behind building a payment giant like PayPal! 💳 Dive into our blog to uncover the cost 💰involved in making an app like PayPal! 💡💼 #AppDevelopmentCost #PayPalClone #TechInsights 🚀#NimbleAppGenie

📱💳 Interesting development in Retail Payments! Apple Pay overtakes PayPal as the top in-store mobile wallet. 🌟 Dive into the evolving landscape of digital payments. #ApplePay #PayPal #DigitalPayments #RetailTech #Fintech

This recent article raises a fascinating question: could PayPal shake up the mobile wallet market if it launched its own service? Now that third-party providers have access to Apple's NFC technology, the landscape is ripe for disruption. PayPal has a massive user base and a strong reputation in payments, but can it compete with the likes of Apple Pay and Google Wallet? In my view, PayPal has the potential to make a significant impact, but it won’t be easy. The key will be leveraging its strengths in e-commerce and providing a seamless, unified payment experience that can outshine the competition. However, the real challenge lies in user adoption—especially in a market where many consumers are already loyal to existing services. What would make you switch to a PayPal wallet over the established players? Is it security, ease of use, or perhaps some compelling incentives? I’m curious to hear your take. #Fintech #MobilePayments #Innovation

🚨 PayPal is shaking up U.S. point-of-sale payments! By integrating its debit card with Apple's mobile wallet and offering 5% cashback rewards, PayPal is moving into direct competition with tech giants and traditional banks. While PayPal has long ruled the online and peer-to-peer payments space through Venmo, this push into in-person payments signals a major shift. With U.S. debit card payments surging from $2.47 trillion in 2015 to $4.55 trillion in 2021, the pressure is on. 💳 Consumers are becoming more budget-conscious, opting for debit cards to better manage spending. This presents new challenges for community banks and credit unions who must now elevate their debit card offerings and user experience to stay competitive with the likes of PayPal, Chime, Apple, Square and many others. The good news? Community banks and credit unions can leverage MODULAR BANKING TECHNOLOGY to add competitive products and features on top of their legacy systems. Want to learn how? Let's connect!💡 #FintechPartnership #DigitalBanking #CoreBanking #BankingSolutions #FintechSolutions #DigitalTransformation #Fintech #BaaS #Neobanks #ChallengerBanks #EmbeddedFintech #CreditUnions #CommunityBanks #CreditCards #DebitCards #EmbeddedFinance https://lnkd.in/edDJY54G