PayPal Partners with Verifone to Expand In-Person Payments

PayPal has teamed up with Verifone to strengthen its in-person payments presence globally. The partnership will provide enterprise merchants with an omnichannel solution combining Verifone’s hardware with PayPal’s Braintree payment processing and e-commerce capabilities.

The collaboration targets sectors such as retail, grocery, quick-service restaurants, ticketing, entertainment, consumer electronics, and apparel.

Alex Chriss, President and CEO of PayPal, stated, “This partnership marks a major shift in our approach to omnichannel enterprise opportunities. Together with Verifone, we’re unlocking a new path to mass adoption of in-person payments, scaling quickly to serve the global merchant community.”

The offering will be part of PayPal Open, a recently launched merchant platform that provides access to PayPal’s ecosystem. It will debut in the US, followed by the UK and Germany later this year.