PayPal, Google Pay Teaming Up on Mobile Payments
I admit, I was concerned when I first heard about PayPal losing eBay. That was likely a huge slug of cash that would no longer be pouring into PayPal’s coffers. However, I quickly changed my tune after seeing the expansionist tear that PayPal embarked upon afterward. The newest such example of PayPal’s whirlwind ramping up came from a new partnership effort between itself and, of all things, Google Pay.
PayPal recently announced that its current partnership with Google Pay was about to get deeper still, with PayPal about to help Google Pay work across every facet of the overall Google landscape. Since PayPal has long been a part of mobile and online shopping, it’s in a good position to give Google that step up it needs wherever it should need it.
This comes alongside the ability to readily link a Google Pay and a PayPal account together, one that’s already proving effective. Throw in the litany of other benefits that PayPal brings to the table—ready accessibility, fast and easy checkout functions, a terrific customer experience—and it explains well why Google Pay is turning to PayPal for this boost. Better yet, PayPal even boasts a little extra security as compared to standard credit card transactions, which gives it a lot of extra reason to be brought in.
If PayPal is serving as the underpinnings of Google Pay’s expansion efforts, that could be a real boost to PayPal’s overall fortunes. While the loss of eBay has now been delayed for quite some time, it could still hit at any time. If PayPal gets a hand in making, for example, Google Shopping or YouTube TV work, that could mean a slug of cash big enough to take a lot of pain out of the loss of the great American garage sale that is eBay. Plus, Google Pay could certainly use some shoring up as it tries to compete against entrenched competitors, many of which already show up as part of the Android ecosystem.
The potential—or maybe eventual—loss of eBay would hit PayPal’s revenues hard, but considering the scope of the measures PayPal’s taken so far, losing eBay might be less a disaster and more an annoyance.