PayPal seeks to extend reach with Visa tie-up - Reuters
By Heather Somerville 4 Min Read (Reuters) - PayPal Holdings Inc PYPL.O moved to extend the reach of its online payments business through a deal with Visa Inc V.N that is expected to boost the revenue and number of users of the money-transfer service. The PayPal logo is seen during an event at Terra Gallery in San Francisco, California May 21, 2015. REUTERS/Robert Galbraith/File Photo The partnership announced on Thursday is intended to make it easier for customers to use Visa credit and debit cards in PayPal transactions and allow shoppers to use PayPal in brick-and-mortar retail locations. It is PayPal's latest effort to bring its internet payments service to the physical checkout line. In the year since its spinoff from e-commerce company eBay Inc EBAY.O , becoming an independently traded company on Wall Street for the second time, PayPal has grown aggressively. Its revenue for the second quarter is up more than 15 percent to $2.65 billion from a year ago and the volume of pa...