NEW YORK & SAN JOSE, Calif.–(BUSINESS WIRE)–American Express (NYSE: AXP) and PayPal (NASDAQ: PYPL), today appear an broadcast cardinal affiliation that will advance the agenda payments acquaintance for U.S. American Express Agenda Members advantageous with PayPal and Venmo. The companies will assignment carefully on a host of solutions for collective barter to accommodate the use of Membership Rewards credibility for PayPal purchases and an chip peer-to-peer acquittal experience. As allotment of the agreement, both companies will additionally analyze added avant-garde agenda articles and experiences.
Through this partnership, U.S. American Express Agenda Members will accept the befalling to:
“This affiliation is the artefact of our companies’ able allegation to actualize avant-garde acquittal adventures that advance both organizations’ amount assets, including the adeptness for barter to pay with American Express Membership Rewards credibility and the affiliation of peer-to-peer payments into the Amex app,” said Dan Schulman, President and CEO, PayPal. “Our new affiliation expands PayPal’s ubiquity, and enables us to action consumers and merchants new and avant-garde artefact experiences. We are admiring to accomplice with American Express as it is a bright affirmation of absolute addition for our barter that is fabricated accessible through partnership.”
“Together we will accumulate and aggrandize the online and adaptable payments acquaintance for our Agenda Members, allowance us become a added capital allotment of their agenda lives,” said Stephen J. Squeri, Chairman and CEO, American Express. “This cardinal affiliation with PayPal will accessible up the use of Membership Rewards credibility at added baby and medium-sized businesses than anytime and accomplish peer-to-peer payments added seamless for Agenda Members.”
PayPal will be amalgam into the American Express Token Service, as able-bodied as continuing its all-around agenda accepting relationship. PayPal and American Express will assignment calm to apparatus all of these appearance over the advance of 2019.
ABOUT AMERICAN EXPRESS
American Express is a globally chip payments company, accouterment barter with admission to products, insights and adventures that adorn lives and body business success. Learn added at americanexpress.com and affix with us on facebook.com/americanexpress, instagram.com/americanexpress, linkedin.com/company/american-express, twitter.com/americanexpress, and youtube.com/americanexpress.
Key links to products, casework and accumulated albatross information: allegation and acclaim cards, business acclaim cards, biking services, allowance cards, prepaid cards, merchant services, Accertify, InAuth, accumulated card, business travel, and accumulated responsibility.
Fueled by a axiological acceptance that accepting admission to banking casework creates opportunity, PayPal Holdings, Inc. (NASDAQ: PYPL) is committed to democratizing banking casework and allotment bodies and businesses to accompany and advance in the all-around economy. Our accessible agenda payments belvedere gives PayPal’s 244 actor alive anniversary holders the aplomb to affix and transact in new and able ways, whether they are online, on a adaptable device, in an app, or in person. Through a aggregate of abstruse addition and cardinal partnerships, PayPal creates bigger means to administer and move money, and offers best and adaptability back sending payments, advantageous or accepting paid. Accessible in added than 200 markets about the world, the PayPal platform, including Braintree, Venmo and Xoom, enables consumers and merchants to accept money in added than 100 currencies, abjure funds in 56 currencies and authority balances in their PayPal accounts in 25 currencies. For added advice on PayPal, appointment https://www.paypal.com/about. For PayPal Holdings, Inc. banking information, appointment https://investor.paypal-corp.com.
Advice Related To Forward-Looking Statements
This absolution includes advanced statements that reflect expectations about the companies’ approaching operating affairs and artefact functionality. These advanced statements are accountable to risks and uncertainties. The words “believe,” “expect,” “anticipate,” “intend,” “plan,” “aim,” “will,” “may,” “should,” “could,” “would,” “likely,” and agnate expressions are advised to analyze advanced statements. Readers are cautioned not to abode disproportionate assurance on these advanced statements, which allege alone as of the date on which they are made. American Express and PayPal undertake no obligation to amend or alter any advanced statements. Factors that could account absolute after-effects to alter materially from these advanced statements include, but are not bound to, the adeptness of the companies to coact or advance capabilities, appearance and functionalities, auspiciously accommodate them in their platforms and technologies and barrage the solutions in accordance with agreed aloft conditions. A added description of such factors can be begin in the companies’ annual, annual and added letters filed with the SEC. More capacity will be appear as the solutions become available.
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