PayPal is on a tear in terms of taking on new partner and is looking to significantly boost its P2P payments volume, which grew 103 percent in the second quarter, reaching $8 billion in Venmo transactions. The company announced in a blog post on Aug. 2 that any of the more than 1 billion people who’ve downloaded the Skype mobile app will be able use it to send money across borders.
In a blog post, PayPal’s John Kunze, vice president, global consumer product and Xoom, cited several partnerships over the last 12 months, including deals with Apple, Slack and Microsoft to enable P2P payments with PayPal and Venmo “in more places and in more contexts where people are connecting online and on mobile, such as a voice command with Siri, in chat with iMessage and Slack, and in email via Microsoft’s Outlook.com.”
- Earnings: Q2 Results for The Bancorp, Discover, Mastercard, PayPal
- PayPal Speeds up Money Transfers
- P2P Network Zelle Adds Citi, Other FIs to Roster