Latest News

PayPal partners with Microsoft for flexible in-store payments

By Dalvinder Kular

Customers of Microsoft stores in countries including the US, UK and Germany will now have the option to use PayPal’s ‘Pay Later’ solution.

Eligible customers, also based in Australia, France, Spain, and Italy, will be able to pay for their purchases over a course of weeks or months in fixed amounts.

Additionally, users in the US will have the option to pay using Venmo, which is currently available in the Microsoft Store on Xbox.

Microsoft claims that the partnership will offer users more flexible payments, increase customer loyalty and help customers better manage their budget.

"For over 16 years, PayPal checkout has been a trusted method for Microsoft Store customers to purchase products like Surface devices and Xbox consoles and accessories, as well as Microsoft 365's product suite," said Kurt Campisano, SVP of strategic accounts, PayPal. "We are thrilled to expand our partnership with Microsoft to offer them access to our full suite of capabilities that will create a beautiful customer experience across the entire shopping journey."

Last month global investment firm KKR announced an exclusive multi-year deal to buy up to €40 billion of Buy Now, Pay Later (BNPL) loans from PayPal.

KKR’s private credit funds and accounts will acquire all of PayPal’s European BNPL portfolio at close of transaction, along with future originations of eligible BNPL loans.

    Share Story:

Recent Stories

Over £55m of fraud prevented by rapid response scheme in 2022

PayPal partners with Microsoft for flexible in-store payments

Binance withdraws German crypto licence application


The human firewall: Activating employees to safeguard financial data
As financial services increasingly embrace SaaS and cloud-based technologies, they face emerging threats to safeguard sensitive customer data. While comprehensive IT security measures are essential, the active involvement of employees across organisations is pivotal in ensuring the protection of sensitive data.

BANNER

BANNER

Building a secure financial future for instant payments: The convergence of ISO 20022 and fraud detection
The financial landscape is rapidly evolving its approach to real-time transactions under the ISO 20022 standard, and financial institutions must take note. With examples such as the accelerated adoption of SEPA Instant Credit Transfers in Europe and proposed New Payment Architecture (NPA) programme in the UK, the need for swift and effective fraud detection is more crucial than ever.

Data Streaming and Consumer Duty: Transforming customer experience in banking
Introduced at the end of July, the Consumer Duty is a game-changing new set of rules and guidance for financial services institutions in the UK, and companies must look to modernise their systems in adherence with it in mind to create the best customer experience possible.

From insight to action: Empowering financial institutions through advanced technology and collaborative information sharing
The use of Information sharing in enhancing financial crime prevention has been universally agreed as being beneficial. However no-one has been able to agree on how information can be shared safely without breaching data protection laws or having the right systems to facilitate this, Information sharing has re-emerged as a major consideration for financial institutions (FIs) ahead of the Economic Crime and Corporate Transparency Bill being made into law in the UK.

© 2019 Perspective Publishing     Privacy & Cookies