Visa-PayPal partnership continues to drive the proliferation of
SAN JOSE, Calif. & SAN FRANCISCO--(BUSINESS WIRE)--Sep. 6, 2016--
Visa (NYSE:V) and PayPal (NASDAQ:PYPL) today announced that Visa
Checkout will soon be available as a payment service for Braintree
a PayPal company that powers payments for companies like Airbnb,
Eventbrite, Pinterest and Uber, offers simple solutions that enable
merchants to accept a variety of payment options online, in app and
in-stores, and soon Visa
Checkout will be available as one of Braintree’s payment options.
The online payment service allows Visa cardholders to pay on any
connected device, in just a few clicks, using their Visa account. Visa
Checkout is already part of the shopping experience at many leading
online retailers including Starbucks, Walgreens and Best Buy.
“With the Visa card at the center of the payment experience, Visa
Checkout brings familiarity and trust to digital shopping offered by
Braintree’s customers -- some of the most innovative merchants driving
ecommerce and m-commerce today,” said Sam Shrauger, senior vice
president, digital solutions, Visa, Inc. “We’re thrilled to be
partnering with PayPal and Braintree to make cards work better on any
“At Braintree, we’re singularly focused on giving our merchants the
flexibility and freedom to choose from the best commerce experiences
available,” said Juan Benitez, GM, Braintree. “Offering simple and easy
access to Visa Checkout through Braintree's platform reinforces our
commitment to merchants as we continue adding relevant payment services
to our platform, and will be an important way we continue to expand on
our partnership with Visa.”
Visa Checkout will be available to US merchants through Braintree’s SDK
in early 2017. Braintree’s SDK is a seamless integration that provides a
simple way for merchants to accept payments and enable buying
Visa Checkout now has more than 14 million consumer accounts. Hundreds
of thousands of merchants and more than 900 financial institution
partners now offer Visa Checkout in 16 countries around the world;
expansion into five additional European countries and India will take
place by the end of 2016.
About Visa Inc.
Visa Inc. (NYSE:V) is a global payments technology company that connects
consumers, businesses, financial institutions, and governments in more
than 200 countries and territories to fast, secure and reliable
electronic payments. We operate one of the world's most advanced
processing networks — VisaNet — that is capable of handling more than
65,000 transaction messages a second, with fraud protection for
consumers and assured payment for merchants. Visa is not a bank and does
not issue cards, extend credit or set rates and fees for consumers.
Visa's innovations, however, enable its financial institution customers
to offer consumers more choices: pay now with debit, pay ahead of time
with prepaid or pay later with credit products. For more information,
At PayPal (Nasdaq: PYPL), we put people at the center of everything we
do. Founded in 1998, we continue to be at the forefront of the digital
payments revolution. PayPal gives people better ways to manage and move
their money, offering them choice and flexibility in how they are able
to send money, pay or get paid. We operate an open, secure and
technology agnostic payments platform that businesses use to securely
transact with their customers online, in stores and increasingly on
mobile devices. In 2015, 28% of the 4.9 billion payments we processed
were made on a mobile device. PayPal is a truly global payments platform
that is available to people in more than 200 markets, allowing customers
to get paid in more than 100 currencies, withdraw funds to their bank
accounts in 56 currencies and hold balances in their PayPal accounts in
25 currencies. For more information on PayPal, visit https://www.paypal.com/about.
For PYPL financial information, visit https://investor.paypalcorp.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20160906005454/en/
Source: Visa Inc.
Chris Morse, 914-413-3045
Amanda Pires, 650-445-8169