PayPal Partners with Citi and FIS to Drive Incremental Spend 

• Citi will be a launch partner with PayPal to enable Citi cardholders to use their card through PayPal at the point of sale, where Visa or Mastercard contactless payments are accepted.
• PayPal and Citi customers will see a familiar digital representation of their Citi-issued card in the PayPal Wallet when they pay, ensuring them that all payments made through PayPal are conducted with a familiar card and protected with the same safety and security measures that they have come to expect.
• Citi and PayPal have agreed to partner to drive incremental digital spend for joint PayPal and Citi customers, and will be rolling out a series of pilots in 2017 – which includes making it more convenient to add their existing cards to PayPal.

• This agreement reaches thousands of banks and issuers across the U.S., in turn providing even more consumers and merchants with better ways to transact.
• We are working with FIS to provide a more seamless way for their thousands of bank issuers to drive more digital spend with their customers through PayPal accounts.
• FIS will enable PayPal’s account linking capability, making it easy for consumers of FIS partner banks to add their various cards and banking instruments into PayPal accounts. This integration will also give the joint consumers improved visibility into their PayPal account balance directly on partner bank sites, providing greater visibility of their bank accounts and their PayPal account within the online banking site.

These deals are another great example of how our partnerships are creating experiences that leverage each companies’ core assets to deliver meaningful payment experiences for both consumers and merchants.

As the world’s leading independent, global, third party platform, dedicated to digital commerce and payments, we welcome any conversations that lead to new, interesting, and convenient ways to bring consumers and merchants closer together, whether with banks, issuers, social networks, mobile operators or any other major technology providers.

Source: PayPal