American Express has expanded its partnership with PayPal to enable American Express customers to use their rewards points for PayPal purchases and enjoy a more integrated peer-to-peer experience.
The deal means US Amex card members will be able to use their Membership Rewards points for purchases at PayPal merchants online, send money via Venmo or PayPal via the Amex mobile app, easily add American Express cards to their PayPal wall from the Amex app or website, use the PayPal Instant Transfer feature to pay American Express bills with PayPal or Venmo, and more clearly identify their specific American Express cards in the PayPal wallet.
“This partnership is the product of our companies’ strong commitment to create innovative payment experiences that utilise both organisations’ core assets, including the ability for customers to pay with American Express Membership Rewards points and the integration of peer-to-peer payments into the Amex app,” said Dan Schulman, President and CEO, PayPal.
As a result of the partnership, PayPal will integrate into the American Express Token Service, alongside continuing the pair’s global card acceptance relationship. The new features will be implemented over the course of 2019.
“Together we will streamline and expand the online and mobile payments experience for our card members, helping us become a more essential part of their digital lives,” said Stephen J. Squeri, chairman and CEO at American Express. “This strategic partnership with PayPal will open up the use of Membership Rewards points at more small and medium-sized businesses than ever and make peer-to-peer payments more seamless for card members.”