Technology

Paypal Forges Partnership With Uber

Posted on November 20, 2013

Online payment platform PayPal chas partnered with Uber Technologies Inc, to allow users of Uber's mobile booking app to pay using Paypal. Uber's riders in the US, France, Italy, Germany and the Netherlands will be able to make payments via PayPal beginning today. In an interview with reporters, PayPal President David Marcus said customers who will use PayPal before November 28 will be eligible to get USD 15 or EUR 15 for the next time they go on an Uber trip.

The deal allows PayPal to penetrate more modern marketplaces aside from EBay which acquired the Internet payment firm in 2002. Although PayPal has become a multibillion dollar business, Marcus said it was not quite quick in advancing to marketplaces which focused on mobile users and developers. He explained the service while acting as an Uber driver, showing reporters around San Francisco on a black Ford Expedition.

For the full story, go to Venture Capitalist Post.com.

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