Payments giant PayPal has entered into a new agreement with enterprise payment processing solutions provider, Paycorp, to facilitate enhanced payment flexibility for customers.
Under the deal, Paycorp will be able to process and deliver transactions to PayPal for various market verticals and merchant categories.
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As part of the agreement, PayPal’s online and mobile payment services will be integrated into Paycorp’s existing payment solutions, including RentPay which is used by real estate agents to process rent payments.
PayPal enterprise sales director, Simon Banks, said: "Through our new relationship with Paycorp we will be able to continue to expand our reach into other verticals such as bill payments, so even more Australians can choose to pay with their PayPal account.
"We’re seeing an increased demand by consumers for flexibility and choice in regards to digital payments, with mobile serving as a critical channel. As consumers continue to evolve behaviours and embrace new technologies different payment options is becoming more crucial than ever for merchants."
Paycorp managing director, Mazeen Farook, added: "Merchants will be able to leverage PayPal’s strong security proposition. Security is a major concern for both consumers and merchants and the partnership enables us to meet the needs of our merchants by offering a payment solution that is both innovative and secure."
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By GlobalData
