The payments behemoth singled out digital wallets as a way to boost engagement going forward.

By 2026, nearly 30% of US consumers’ average retail spending (excluding food and beverage sales and ticketing) will be made using proximity mobile payments, as providers look to build on the pandemic-driven adoption of the technology.

PayPal users can send cryptos to other users free of charge—and to external wallets and exchanges, but they’ll need to pay network fees.

PayPal will remove the fixed fee applied to goods and services payments coming from US customers and simplify tax reporting for business users.

The solution can let PayPal tap higher-dollar-value purchases and brings its program in line with BNPL competitors.

On today's episode, we discuss why Zelle (and person-to-person payment apps) are in hot water, which service most Americans use, and how we'll be paying for things in 2026. "In Other News," we talk about the current state of the cryptocurrency crash and the impact Apple Pay Later will have on the buy now, pay later space. Tune in to the discussion with our analysts Jaime Toplin and Adriana Nunez.

More than three-quarters of consumers in the country are ditching physical wallets for mobile payments.

Meta (formerly Facebook) is testing its digital wallet Novi, with a money transfer pilot between the US and Guatemala. Novi is supported by Coinbase and will let users send money with Paxos’ Pax Dollar (USDP), a stablecoin pegged to the US dollar.

PayPal launched a softPOS solution that lets merchants accept contactless payments and can help PayPal gain more in-store volume.

Direct integration into PayPal’s platform improves interoperability while providing financing. Here’s how it helps PayPal compete with banks.

An infographic guide for marketers looking to understand today’s retail market

EU probing Apple Pay: Restricting access to key NFC technologies on iPhones prevents EU banks from providing payment solutions, limiting competition. Mounting scrutiny could alter the duopoly’s payments dominance.

The tech giant appears to have switched Apple Cash over from Discover to Visa and enhanced fraud prevention features for Apple Pay.

Offering users 3% at PayPal merchants and 2% elsewhere can help PayPal achieve the user engagement goals it outlined earlier this year.