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


Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.

BANNER

Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.

Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.

Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.

This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.

© 2019 Perspective Publishing     Privacy & Cookies