PayPal is working with Citi to let clients make payments directly to PayPal wallets - Business Insider

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Working with Citi to enable direct payments is key for PayPal as it tries to keep up with top card networks:

go directly to their debit cards, offering consumers fast and easy access to their funds.

Working with Citi may cause PayPal users to keep more funds in their digital wallets, benefiting PayPal's existing business and helping future initiatives succeed. The offering could prove particularly popular for the gig economy, which 39% of the US workforce works in, because 35% of gig economy workers report having to wait a week or more to receive compensation, according to Showcasing its digital wallet is particularly important for PayPal as it prepares to make an in-store payments push. The company to roll out new in-store payments efforts as soon as next year, and for them to succeed it needs consumers to use its digital wallet.

 

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