View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
August 3, 2017updated 26 Jul 2022 10:02am

Skype dials in PayPal for iOS and Android in-chat payments

Will PayPal be able to maintain its market foothold with the rise of Fintech companies offering new, disruptive approaches to payments?

By Tom Ball

PayPal and Skype have joined forces to implement a new ability for Skype users to make in-call payments while using Android and iOS mobile devices.

The new P2P initiative will be available across 22 countries to users of these services, as PayPal bid to spread its payment services far and wide.

Users must actively link their Skype and PayPal accounts together to access the new feature, and payments are specifically aimed at personal use, not intended to be used for business or payment for services.

In recent months PayPal has been engaged in a sequence of deals to widen its reach, only last month for example, the company solidified the work it is doing with major banks. PayPal entered into a new partnership with JPMorgan, giving its customers the benefits of direct access to its services.

At the same time as this new partnership was formed, PayPal also enhanced its relationship with Citi, building on an existing deal. This initiative provided Citi’s customers with in-app access to rewards.

Android has also featured in the list of deals made by PayPal, having recently partnered do bring Android customers the efficiency of using PayPal services either online or via the app. This move has come amid a burst of activity within the mobile wallet space.

The latest deal between PayPal and Skype for Android and iOS devices is also very similar to an existing deal the company has in place with Slack.

Content from our partners
How the retail sector can take firm steps to counter cyberattacks
How to combat the rise in cyberattacks
Why email is still the number one threat vector
READ MORE: PayPal boosts ties with JPMorgan Chase and Citi

These examples are indicative of PayPal seeking to gain a foothold on the changing market as pressure mounts with the rise of Fintech companies that are looking to streamline payment processes. Stripe is an example of a company that provides services such as this.

PayPal is not only focussed on online and in-app payments, it is also promoting payments made on the high street, this was evidenced in a deal with MasterCard, PayPal also made a comparable deal with Visa in its pursuit to extend its network.

Topics in this article: , , , , ,
Websites in our network
NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
I consent to New Statesman Media Group collecting my details provided via this form in accordance with the Privacy Policy