PayPal to partner with JPMorgan

Reuters

Published Jul 20, 2017 10:34AM ET

PayPal to partner with JPMorgan

(Reuters) - PayPal Inc (O:PYPL) said on Thursday it would partner with JPMorgan Chase & Co (N:JPM), allowing the bank's customers to link their Chase Pay and PayPal accounts.

The companies said Chase customers will be able to use their reward points to make purchases via PayPal.

PayPal will also be able to process payments on ChaseNet, JPMorgan's payment network.

The payment processor also expanded its partnership with Citigroup Inc (N:C), allowing Citi customers to use reward points with merchants that accept PayPal, effective 2018.