PayPal to add Tap to Pay on iPhone, Apple Pay, and Wallet support
PayPal has announced that it will bring new Apple-centric ways of paying for those using PayPal and Venmo.
The announcement came as part of Paypal's third-quarter 2022 earnings results.
The company is working with Apple to enhance offerings to PayPal and Venmo merchants and customers.
Soon, PayPal and Venmo apps will accept contactless debit and credit cards and tap-to-pay smartphone and smartwatch transactions when paired with an iPhone.
In 2023, customers will be able to add PayPal and Venmo credit and debit cards to Apple Wallet, enabling them to use them wherever Apple Pay is accepted.
The company also plans to add Apple Pay as a payment option in PayPal's unbranded checkout flows, such as the PayPal Commerce Platform.
Apple announced their Tap to Pay feature in February. It allows users to accept tap-to-pay transactions from mobile devices and wireless credit cards without a separate terminal.