Car-hailing app Uber to take PayPal

Car-hailing app Uber to take PayPal

Credit: AFP/Getty Images

Peter Faris, CEO of Szabo Faris LLC Transportation Solutions, stands in front of one of his vehicles while holding a smart phone with an app that orders up his sedan service February 14, 2013 in Washington, DC. Faris, an independent driver who works with Uber, a technology firm which has created a mobile app which allows consumers to use their device to request a nearby taxi or limousine. Uber is among a number of apps which are being deployed in cities in the United States and worldwide. AFP Photo/Paul J. Richards (Photo credit should read PAUL J. RICHARDS/AFP/Getty Images)

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KMOV.com

Posted on November 20, 2013 at 10:29 AM

Updated Wednesday, Nov 20 at 10:38 AM

NEW YORK (AP) -- Car-hailing app Uber is now letting its users pay for their rides using PayPal.

   The deal announced late Monday takes eBay's payments subsidiary another step into the physical world. PayPal has started service transactions at brick-and-mortar stores as both worlds continue to meld. The company is also trying to stave off mobile payments competitors such as Square.

   For Uber, the deal could make it easier to grow overseas. Uber CEO Travis Kalanick says his company was looking for a partner that understands the banking language of German banks or does credit card processing in Mexico, for example.

   Until now, people had to use credit cards to pay for Uber rides, which limited Uber's popularity in countries such as Germany, where most people pay with their bank accounts.
 

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