Barclays inks deal with PayPal to aid customers manage accounts easily
Category: #world  By Pankaj Singh  Date: 2018-04-27
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Barclays inks deal with PayPal to aid customers manage accounts easily

Barclays, the British multinational bank and PayPal, the American digital wallet service announced that they have joined forces in a strategic partnership to enable customers manage and use their accounts together.

In a press release, the two companies said that the partnership has been inked to profit millions of customers and small business owners, as Barclays and PayPal are focusing on the enhancement of products and services provided to the British and American users.

The ability to use Barclays and PayPal accounts together will mean access to a number of new features for the consumers. Apparently, they will be able to manage PayPal accounts in Barclays’ digital venues with increased ease and use Barclays products that have been linked to the PayPal digital wallet for online payments. Barclays debit and credit cards for instance, can be included in the PayPal wallet and an update will be received on PayPal when these cards expire. Sources also state that consumers will be able to see a Barclays image in the PayPal wallet so that they can easily choose to use Barclays as a payment option.

Barclays and PayPal aim to expand their first-of-its-kind partnership by connecting Pingit and PayPal to improve customer experience further. They announced that they are also making efforts to help U.S. consumers redeem Barclays’ reward points while transacting with companies that accept PayPal.

PayPal small business customers will be able to view their business information such as PayPal balance, recent transactions, etc., on the Barclays SmartBusiness Dashboard.

Barclays CEO Ashok Vaswani has reportedly said that the Barclays-PayPal partnership is aimed at making money management and payments easier for consumers in the increasingly connected world. This move is a part of Barclays’ effort to become a digital company. He added that the partnership marks the first of many such steps Barclays will be undertaking on its digital journey ahead.



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Pankaj Singh

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Pankaj Singh

Pankaj Singh Develops content for Market Size Forecasters, Algosonline, and a couple of other platforms. A Post Graduate in Management by qualification, he worked as an underwriter in the UK insurance domain before deciding to switch his field of profession. With exp...

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