PayPal and Uber extend partnership to a total of 19 countries

uberlogoo

PayPal and Uber have agreed to extend their partnership, with nine new countries being able to accept PayPal payments that include Canada, Hong Kong and Sweden.

Uber has been in partnership with the online payments system since 2013, which was integrated in Uber’s first ten markets including the UK, Germany, France and the US.

The full list of the new countries that can now use PayPal to pay for their rides without using credit cards is Canada, Greece, Hong Kong, Israel, Mexico, New Zealand, Singapore, Sweden & Switzerland.

There are two noticeable absences for the list of new countries – China and India. In India, legal reasons prevented Uber integrating PayPal. India introduced regulations that required all online transactions to pass through domestic payment systems, thereby forcing the company to adopt an in-app payment wallet powered by the Alibaba-backed Paytm.

China is Uber’s next big target, with the company trying to raise $1 billion to crack the market. In China, Uber already works with the biggest payment system, Alipay. In fact, Alipay is reportedly processing three times as many payments as PayPal. For Uber it appears to be a simple case of who is the biggest payment player in China – and PayPal it is not.

Related reading

blockchainnnnnn
code
copenhagentaa
red mouse cursor button in between keyboard letters

Leave a comment