PayPal, Apple Reach Truce and Will Accept Each Other’s Products
The PayPal app in the Apple App Store.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
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.