PayPal, Apple Reach Truce and Will Accept Each Other’s Products

Starting next year, PayPal and Venmo debit cards will be accepted inside the Apple Wallet.

| Updated on: Nov 05 2022, 00:58 IST
Apple iPhone 14 Plus Quick Look: Big screen experience for iPhone fans
image caption
1/5 The iPhone 14 Plus starts at a price of Rs. 89,900 for the base 128GB variant. You get it is the same colour variants as the iPhone 14. And the display notch is still present. (Amritanshu / HT Tech)
image caption
2/5 iPhone 14 Plus gets two 12MP cameras on its back (main and ultrawide). Sensor shift stabilisation and Photonic Engine promise better photography and videography on the iPhone. (Amritanshu / HT Tech)
3/5 iPhone 14 Plus gets a big battery which Apple promises to deliver the best battery life on any iPhone. The 6.7-inch display also makes the phone almost as big as the iPhone 14 Pro Max. (Amritanshu / HT Tech)
4/5 The iPhone 14 Plus relies on the A15 Bionic chip with the 5-core GPU and 6GB RAM. That makes it as powerful as last year's iPhone 13 Pro Max. (Amritanshu / HT Tech)
image caption
5/5 The main reason to get the iPhone 14 Plus is its 6.7-inch display. Apple is still using a 60Hz OLED panel with support for Dolby Vision support. Not the smoothest display yet and the display notch is still present here. That 2000 nits of peak brightness is also not present here. (Amritanshu / HT Tech)
icon View all Images
Starting next year, PayPal and Venmo debit cards will be accepted inside the Apple Wallet, (REUTERS)

PayPal Holdings Inc. announced it has reached a truce with Apple Inc. and the two technology giants will begin accepting each other's products in their separate payment ecosystems.

Starting next year, PayPal and Venmo debit cards will be accepted inside the Apple Wallet, meaning consumers will be able to use them anywhere Apple Pay is accepted, PayPal said Thursday in a statement. PayPal will also add Apple Pay as an option in the company's checkout offerings.

Previously, PayPal and Venmo's cards weren't available in Apple's mobile wallet. PayPal and Apple offer the most widely used mobile wallets in the US and have seen usage of their products explode since the start of the pandemic.

“We're very pleased to be working with Apple to enhance our offerings for our PayPal and Venmo merchants and consumers,” PayPal Chief Executive Officer Dan Schulman said in the statement.

PayPal will also use Apple's new tap-to-pay technology, meaning its merchant customers will no longer need a special dongle to be able to accept debit and credit cards and will instead be able to use the PayPal or Venmo app.

Follow HT Tech for the latest tech news and reviews , also keep up with us on Whatsapp channel,Twitter, Facebook, Google News, and Instagram. For our latest videos, subscribe to our YouTube channel.

First Published Date: 05 Nov, 00:58 IST