PayPal and Verifone strengthen their partnership around a unified offer

Online payment giant Paypal and the American company specializing in payment terminals Verifone just announced the signing of their new partnership. This new rapprochement is not a first for the two partners but represents a means for them to consolidate their common work on omnichannel payment and unified offer.

FACTS

• PayPal and Verifone have just announced the signing of a new strategic partnership to provide an omnichannel and unified service solution to traders around the world. The aim is to provide a single platform capable of processing both online and physical payments but also disputes, security and more globally payment data.

• Both partners today commit themselves to providing omnichannel payment solutions to traders, combining Verifone's traditional acceptance terminals with PayPal's online payment processing capabilities, including: Braintree, its online payment platform and Venmo, its mobile payment service.

• The two partners will jointly offer their solutions to traders, thereby increasing their prospecting strength.

• This omnichannel offer will also be part of the market platform recently announced by PayPal, PayPal Open exactly presented as a unified payment platform bringing together PayPal's market offers for companies of all sizes.

• PayPal Open will soon be launched in the United States, and will expand into the United Kingdom and Germany later this year. Other contracts will follow in 2026.

ISSUES

• Strengthening omnichannel payment : The new partnership between Verifone and Paypal today is part of a trend towards universal payments. The integration of Verifone terminals with PayPal's online and mobile payment solutions (including Braintree) should allow traders to accept payments in a seamless way, whether in-store or online. It thus responds to the growing demand from consumers for friction-free and interoperable payment experiences.

• Extend PayPal network : This new partnership also strengthens PayPal's presence in physical payments. Thanks to Verifone, which has around 35 million terminals around the world, PayPal can indeed extend its influence in the retail trade.

PERSPECTIVE

• PayPal and Verifone have collaborated several times in the past. In 2010, for example, both companies announced a partnership to integrate PayPal's payment system into Verifone's point-of-sale terminals, allowing traders to accept PayPal payments in-store. Later, in 2012, VeriFone and PayPal also announced their acceptance partnership which was to lead to the full implementation of PayPal means of payment on Verifone terminals.

• Their joint work aims to demonstrate the strong and long-standing trend that has led to the emergence of an omnichannel approach to payment and transaction processing. PayPal and Verifone are now making this a new demonstration but other actors have also committed themselves to this in the past through partnership, such as Viva.com and Alipay last September, Klarna and Adyen or MasterCard and Ecommpay For example.

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