PayPal partners with Discover for expanded digital payments

Discover Financial Services and PayPal have signed an agreement making PayPal more widely available to Discover cardmembers, acquirers and merchants, according to a press release.

The agreement gives PayPal access to Discover tokenization services, expanding PayPal's reach at the point of sale by allowing U.S. PayPal customers to pay with their Discover cards at all of the contactless-enabled merchants that accept Discover.

PayPal last year announced similar agreements with Visa and MasterCard.

As part of the agreement, Discover and PayPal also plan to allow PayPal customers with eligible Discover cards to use their cashback bonus to pay for purchases at the millions of online and mobile merchants that accept PayPal. After enablement, Discover cardmembers will be able to view and use their available Cashback Bonus while using PayPal to pay for all or part of a purchase.

"Discover is focused on making the payments experience seamless and secure for both cardmembers and our merchant partners," Diane Offereins, president of payment services at Discover, said in a statement. "This agreement with PayPal helps expand consumer payment choices by providing additional ways to transact, and builds on the growing adoption of digital payments."

Topics: Card Brands, Contactless / NFC, Mobile/Digital Wallet

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