Uber And PayPal Expand Relationship; Build Gllobal Card Processing; Uber Leverage PayPal Braintree Platform To Expand Domestic Debit Network
Portfolio Pulse from Benzinga Newsdesk
Uber has signed a multi-year global deal with PayPal, expanding their partnership to include additional processing through PayPal Braintree, alternative domestic debit network routing, instant driver and courier payouts to PayPal and Venmo, and custom support for new lines of business.
September 12, 2023 | 1:05 pm
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POSITIVE IMPACT
PayPal's expanded partnership with Uber could increase its transaction volume and potentially boost its revenues.
The expanded partnership with Uber allows PayPal to process more transactions through its Braintree platform, which could increase its transaction volume and potentially boost its revenues. This could enhance PayPal's financial performance and market position.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
Uber's expanded partnership with PayPal could enhance its payment processing capabilities and potentially increase its market reach.
The expanded partnership with PayPal allows Uber to leverage PayPal's Braintree platform for additional processing and instant payouts, which could enhance Uber's operational efficiency and customer experience. This could potentially attract more users and increase Uber's market reach.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80