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  5. Payments Source: PayPal’s $500m investment paves the way for an Uber digital wallet

Payments Source: PayPal’s $500m investment paves the way for an Uber digital wallet

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26 April 2019

PayPal’s $500m investment paves the way for an Uber digital wallet

PaymentsSource, John Adams, 26 April 2019

Uber’s getting a half billion dollar investment from PayPal at a time when the ride-sharing app is prepping a $100 billion IPO and can least afford speed bumps in its user experience and payment process.

That's what makes PayPal’s role so vital, since its investment includes an agreement to explore future commercial payment collaborations such as the development of Uber’s digital wallet.

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News article details

Industry
Corporate Banking, Retail Banking
Media Type
News Articles
Geographic Focus
Asia-Pacific, EMEA, LATAM, North America