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Fintech & Ecommerce

PayPal and Fiserv teamed up to push QR code payments

Apr 28, 2021

The coronacrisis has driven demand for touch-free payment options

Fiserv PayPal

PayPal and Fiserv teamed up to push QR code payments. Source: businesswire.com

Fiserv has partnered with PayPal to enable businesses of all sizes to support in-demand digital payment options and expand their touch-free payment capabilities.

According to the press release, SMBs using Clover and large enterprises leveraging the Carat omnichannel commerce ecosystem from Fiserv will be able to accept payment via PayPal and Venmo through QR codes.

Consumers will be able to initiate payment by scanning the QR code at the POS terminal with their PayPal or Venmo app and will receive a digital receipt.

The impact of COVID-19 on businesses of all sizes – especially small businesses – could not be understated. From shutting their physical doors to investing in omnichannel solutions their customers clamored for, we saw the resiliency in businesses as they navigated the pandemic. By scaling PayPal and Venmo QR codes across an expansive physical footprint that includes the hundreds of thousands of small entrepreneurs running their business through the Clover platform, we are helping these businesses prepare for an unknown future by enabling touch-free payment technology that also drives customer loyalty, digital engagement and access to new customer segments
Frank Keller, Senior Vice President of Commerce at PayPal

We’ve reported that Mastercard and Gemini to launch crypto rewards credit card.

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