Barclays and PayPal combine account services

Barclays has signed a strategic partnership with PayPal which will make it easier for customers to manage their accounts together. The partnership is initially focused on consumers and small businesses in the UK and the US.

Customers will be able to add Barclays credit and debit cards to their PayPal wallet, to update these cards automatically in PayPal when they reach their expiry date, and to display their Barclays card image in the PayPal wallet to allow consumers to easily select their preferred way to pay.

PayPal and Barclays will also explore unique ways to connect Pingit and PayPal to improve how customers can move and manage their money, looking at opportunities for US consumers to redeem Barclays reward points at businesses that accept PayPal worldwide.

Meanwhile, PayPal’s small business customers will now be able to choose to see a snapshot of their PayPal balance, recent transactions and sales on the Barclays SmartBusiness Dashboard. Users will also be able to move from the SmartBusiness Dashboard to their PayPal account for further insights.

Both companies have also promised to combat online fraud together, optimising existing products and services to fight against increasingly sophisticated cybercriminals, as well as creating new solutions to manage risk more effectively.

Ashok Vaswani, Barclays UK chief executive, said: “Each of these new features - whether removing the hassle of updating an expired card, connecting with Pingit, or being able to see all your finances in one place - are about designing the very best customer experience.”

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