BoA integrates PayPal into banking app

Bank of America customers can now add multiple credit and debit cards to their PayPal account directly from the bank’s mobile banking app.

This marks the initial integration from the partnership that was announced in July 2017. Later this year, customers will also be able to add their cards within PayPal.

“As the face of money continues to become more digital, Bank of America remains committed to giving our customers the ability to use any major wallet or payment method they choose, including PayPal,” said Mark Monaco, head of enterprise payments at the bank.

While the amount of mobile wallet transactions is still relatively small compared to more traditional payment methods, transactions doubled over the past year, according to transaction and spending data from over 50 million active Bank of America credit and debit cards.

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