Microsoft (MSFT) to integrate PayPal's (PYPL) Pay Later solution

Microsoft (NASDAQ: MSFT) has deepened its relationship with PayPal (NASDAQ: PYPL), the company announced Wednesday, with the integration of PayPal's Pay Later solution in the US, UK, Australia, France, Germany, Italy, and Spain.

In addition, the company said customers in the US will soon be able to pay with Venmo in the Microsoft Store.

PayPal Pay Later is PayPal's buy now, pay later service that allows eligible consumers to pay for purchases over the course of weeks or months in fixed amounts.

Venmo is currently available in the Microsoft Store on Xbox in the US. Microsoft said the move to provide more flexible pay methods should help increase customer loyalty.

"The addition of new PayPal payment method options delivers on this commitment and offers even more flexibility for customers with tools that work for them and their goals," said Ajith Thekadath, Vice President of Global Payments, Microsoft.

By Sam Boughedda

You May Also Be Interested In

• Active options: AMD META SMCI GOOGL SNDK AVGO PLTR NFLX LULU MSFT IREN HOOD
• Analyst sees a buying opportunity in this video game stock
• Chewy expected to post Q2 sales growth as margin comes under pressure