PayPal’s One Touch reaches 50 million customers

PayPal has announced that there are now over 50 million users who use One Touch, the innovative payment service that eliminates passwords and allows swift and secure purchases.

One Touch allows customers to integrate their PayPal credentials to their device, skip login at eligible websites and make purchases with just one click. One Touch has become PayPal’s most adopted product in PayPal’s 18-year history.

With the popularity of digital wallets increasing tremendously over the last few years, it comes as no surprise that One Touch has been widely popular amongst PayPal customers.

And it seems like PayPal have a lot to celebrate. In addition to One Touch’s success, PayPal also announced that their community of users have now exceeded 200 million active accounts.

PayPal have a wide range of services that can provide multiple solutions for users. Through the Xoom service, people can support their families and loved ones by sending money home in ways that are easier, more secure and less expensive. The Venmo service is connecting an entire generation of Americans by integrating money and social media. And the Braintree service is powering some of the most innovative mobile and app experiences for companies pushing the boundaries of commerce, such as Facebook, Uber, Airbnb and Dropbox.

In a release posted to PayPal’s website, Dan Schulman, President and CEO of PayPal, thanked customers for their continued support for the growth of PayPal.

“Today, we’re excited to announce that 50 million consumer accounts have opted in to One Touch.” Commented Schulman.

“This is more than double the 21 million user accounts announced in April 2016 and more than 5 million merchant accounts now offer this innovative checkout experience to their customers. One Touch is the fastest adopted product in PayPal’s history and clearly leading the industry in driving the adoption of digital and mobile payments.” he added.

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