epay, a prepaid product provider, distribution network and payments processor, has announced that it will launch epay-provided digital gift card content through PayPal’s Digital Gift store. The PayPal Digital Gift store can be found here.
Digital gift cards are on the rise, and PayPal users across the UK, US and Germany will be able to access this digital gift card brand by logging onto their PayPal account. Consumers can select from multiple denominations of digital gift codes and can then use funds from their PayPal accounts to complete the purchase.
“We are excited to be working with PayPal to offer digital gift codes to their millions of users initially in the U.S., U.K. and Germany, and eventually more places around the world,” said Kevin Caponecchi, President of Euronet Worldwide, Inc. “Our strong relationships with leading global brands and our extensive global presence, together with our recent launches of similar solutions, position epay as a leader in digital gift card technology. We look forward to extending our relationship with PayPal to include more digital gift card brands in more countries in the coming months.”
As the demand for immediate payments implementation grows in the United States, Iliad Solutions have identified one of the largest risks to face the payments industry over the next few years.
Barclays has signed contracts with six of the fintech startups that just graduated from its second New York accelerator programme.
Company card killer Pleo has raised $3m in new funding as it prepares for public launch in the UK and Denmark.
Cheques are become less and less common in the UK according to new research from global market research firm Mintel which claims contactless card use has overtaken cheque payments in the UK for the first time.