Google Wallet Ending Paypal Integration in US Next Week

MT Newswires Live

06-03

Alphabet's (GOOG, GOOGL) Google unit is ending its partnership with PayPal (PYPL) and will remove the digital payments platform from Google Wallet late next week, according to a posting on a Google support website.

Users in the US have been unable to link their PayPal accounts to Google Wallet since April 11 and the company plans to delete those remaining accounts on June 13, after which PayPal users will no longer be be able make or receive payments through Google Wallet, the company said.

Google said users will need to have at least one non-PayPal payment card linked to their Google Wallet accounts and is recommending that users also update their payment methods for any recurring payments or subscriptions to avoid a disruption of service.

Google Wallet is making some exceptions and will continue to accept PayPal-branded debit cards after next week, it said. PayPal users in Germany also will be able to continue integrating their accounts to Google Wallet, the company said.

Alphabet shares were about 1% lower in recent trading, while PayPal was little changed.

Price: 168.54, Change: -1.84, Percent Change: -1.08

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