PayPal Expands In-Store Payment Options with Apple Wallet Integration

New 'PayPal Everywhere' initiative offers 5% cash back and auto-reload features to enhance user experience.

PayPal's debit card can now be added to Apple Wallet for use with Apple Pay in stores and online.
Users can select a monthly spending category to earn 5% cash back on up to $1,000 in purchases.
The auto-reload feature ensures uninterrupted spending by topping up the balance automatically.
PayPal aims to compete with tech companies and banks in the in-person payment market.
Digital wallets are projected to account for nearly half of global POS transaction value by 2027.