Last week, PayNearMe announced an expansion of its strategic collaboration with PayPal.

The companies highlighted that the expanded integration with PayPal’s full stack processing capabilities for both payments and disbursements into the PayNearMe platform can help increase reliability and expand PayNearMe’s banking partnerships.

PayPal helps strengthen PayNearMe’s core banking infrastructure and makes its Smart Switch technology, which can enable processing redundancy for billers even more robust and reliable, helping to enhance acceptance rates and lower processing costs for the company’s clients.

“PayPal has processed more than 25 billion transactions and is known for its processing stability. By adding PayPal’s full-stack processing capabilities to the PayNearMe platform, we bring even more redundancy to our Smart Switch technology, helping to ensure maximum uptime and reliability for our clients,” PayNearMe executive vice president and chief product officer John Minor said. “PayPal has built a world-class processing stack and we are excited to continue to bring some of the best-in-class technology to our clients.”

PayNearMe has offered PayPal and Venmo as payment options on its platform since 2022 and is now working to bring these and other PayPal capabilities to more clients through a single integration.

The expanded integration provides the market with fast and more streamlined onboarding of PayPal services, according to the companies.