PayPal and Verifone partner to launch global omnichannel payment solution

A new era in omnichannel payments

This partnership is set to accelerate in-person payment adoption while providing merchants with a unified system across both physical and digital sales channels. Alex Chriss, President and CEO of PayPal, emphasized that the collaboration will enable rapid scaling and broaden access to PayPal’s full suite of payment solutions.

Merchants across various sectors—including retail, grocery, restaurants, ticketing, and consumer electronics—will benefit from the integration, allowing them to enhance customer experience and drive business growth. Verifone CEO Himanshu Patel highlighted that the joint solution offers enterprise-level payment capabilities to meet the evolving needs of merchants worldwide.

Comprehensive payment capabilities

Through this partnership, enterprise merchants will gain access to:

• PayPal’s enterprise-grade payment processing, designed to increase authorization rates, reduce fraud, and optimize costs.

• Verifone’s best-in-class in-store payment technology, integrating with major point-of-sale platforms and supporting a variety of payment methods.

• Global connectivity and localized support, ensuring tailored payment solutions that comply with regional requirements.

Part of PayPal’s open ecosystem strategy

This omnichannel offering will be integrated into PayPal Open, the company’s newly launched merchant platform. Designed for businesses of all sizes, PayPal Open enables merchants to customize their payment solutions and access third-party tools within PayPal’s ecosystem, which serves over 400 million active customer accounts.

PayPal Open will launch in the U.S. first, with expansions planned for the UK and Germany later in 2025, followed by additional markets in 2026.