Latest news with #paymentmethods
The Verge
3 days ago
- Business
- The Verge
Google Wallet is losing access to PayPal
Google Wallet will soon no longer let you pay with your PayPal account in the US. On a help center page spotted by Android Authority, Google says it will stop supporting the payment method and automatically delete linked PayPal accounts on June 13th, 2025. The company has also stopped letting users link PayPal accounts to Wallet as of April 11th. Now, users who previously relied on PayPal to quickly connect their payment methods with Google Wallet will have to manually add a credit card, debit card, or bank information if they want to keep using the app. Google notes that it will still accept PayPal-branded debit cards. 'To deliver smart, flexible, and more rewarding ways to pay, PayPal constantly improves their offerings,' Google writes in a FAQ, while referring users to an email sent by PayPal. The Verge reached out to PayPal with a request for more information but didn't immediately hear back. If you use a linked PayPal account for recurring payments, Google says you'll need to change your payment method on the merchant's website to keep using the service. Google Wallet will also no longer display your PayPal transaction history, which you'll now have to view on PayPal's website or app. Google Wallet's PayPal integration will still work for users in Germany.
Finextra
20-05-2025
- Business
- Finextra
Galileo makes it easier for people to update their default payment method
Galileo Financial Technologies, SoFi Technologies, Inc.'s Technology Platform (NASDAQ: SOFI), has launched Galileo Payment Method Switch, powered by Atomic. 0 This product enables banks, fintechs and brands to make it easier for people to update their default payment method—including debit cards, credit cards, and bank accounts—across leading merchants, subscription services, utility providers, and digital wallets like Venmo or PayPal, all in one place. Clients can embed Galileo Payment Method Switch into their apps, positioning their own issued card or account as the most visible and convenient option for recurring bills and everyday payments-helping them become their customers' preferred choice as subscription-based and automatic payments continue to rise. Global recurring payment transactions are projected to exceed $15.4 trillion in 2027. According to Atomic, people switch an average of three to five payments during their first visit, linking approximately $420 in recurring monthly spend. These usage patterns underscore growing demand for fast, easy ways to manage payments—especially when cards expire or accounts change. Galileo Payment Method Switch lets people update their payment method in seconds. With a single integration-also compatible with Galileo Direct Deposit Switch-clients can speed up launch timelines and give people an easy way to update payment methods, directly from their app. Atomic provides the merchant connectivity to update information across billing systems, while Galileo manages the secure exchange of card and account details, helping clients simplify payment management for their customers, drive account primacy, and earn more interchange revenue. 'Galileo Payment Method Switch allows banks, fintechs and brands to help customers easily manage bill payments without leaving an app they already trust,' said Prashant Shah, Vice President, Product Management at Galileo. 'This solution keeps people spending in a branded environment, creating new recurring revenue streams, which are proven to be stickier, more predictable and scalable. We're pleased to expand our role as the one-stop shop for supporting modern payments. Benefits for Consumers • Easy Updates in One Place: Change or update payment details-such as a new debit or credit card, or a different bank account- for thousands of popular merchants, subscriptions, and utility providers all from one banking, fintech, or brand app. • More Control and Flexibility: Choose which card or account to use for each bill, giving them more control over how they pay. • Fewer Payment Errors: Avoid missed payments or mistakes with fast, secure payment updates-no need to manually enter card or account details on multiple merchant websites. Benefits for Banks, Fintechs and Brands • Account Primacy and Increased Revenue: Boost customer stickiness by allowing them to set a default card or account for recurring bills and subscriptions, thereby increasing recurring payments and interchange revenue whenever a card is used. • Faster Setup: One-time integration with simple steps that help customers get started quickly and stay connected. • Stronger Loyalty: Making payments easy builds lasting customer relationships. 'We're helping financial services providers stay top of wallet by delivering a more seamless experience for their customers,' said Jordan Wright, Co-founder and CEO of Atomic. 'Our continued partnership with Galileo enables institutions to make it easier for people to update their payment methods—driving increased spend and deeper engagement.'
