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PayPal Doubles Down on P2P with Skype

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.

Starting today (Aug. 2) the service will begin rolling out to PayPal and Skype users in the U.S., U.K. Austria, Belgium, Canada, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Latvia, Luxembourg, Malta, Netherlands, Portugal, San Marino, Slovakia, Slovenia and Spain. The service initially will be rolled out to Skype customers on the latest version of Skype for iOS and Android mobile devices.

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.”

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