Uber signs a multi-year global deal with PayPal, deepening PayPal's role as a critical strategic partner as Uber continues to expand and scale in markets worldwide.
PayPal USD (PYUSD) is fully backed by U.S. dollar deposits, short-term U.S. treasuries and similar cash equivalents, and can be redeemed 1:1 for U.S. dollars.
PayPal's Pay Later solution will be available in the U.S., U.K., Australia, Germany, France, Spain, and Italy. And customers in the U.S. will have the option to pay with Venmo in the Microsoft Store.
The selected businesses will each receive $10,000 for expenses, such as rent, or to help digitize and promote their businesses.
Tap to Pay enables small businesses to accept contactless payments (including cards and digital wallets) in-person, directly on their mobile devices with no additional hardware or upfront cost.
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