Walmart Teams up with Paypal
The retail company announced that it’s teaming up with Paypal to “provide financial services and products that help their shared customers.”
As part of the partnership, both companies will roll out Paypal Cash-in, Cash-out services at Walmart locations. The collaboration will allow Paypal mobile app users to utilize funds in a physical brick-and-mortar location. Users will also be able to deposit funds into their Paypal account from Walmart locations.
Both cash-in and cash-out Paypal services are expected to be available in US-based Walmart stores by this November.
Dropbox Announces a Strategic Partnership with Zoom
Dropbox News Release
Zoom Blog Update
Dropbox, the cloud storage company, announced that it’s working with Zoom, a video communications platform, to “develop a series of cross-platform features that facilitate real-time communication around shared Dropbox content, making teamwork more effective.”
As part of the partnership, Dropbox announced that it’s investing in Zoom. Financial terms of the deal were not disclosed.
The integrations are expected to be available in the first half of 2019.
The audio streaming company announced that it’s acquiring Paytollo, “a mobile payment platform for toll roads and bridges that gives both drivers and Toll Authorities a streamlined payment option.”
Paytollo provides a service that gives drivers the “ability to notify, verify and charge a user for toll crossings.” The service is currently available in California and Florida. Financial terms of the deal were not disclosed.
The deal adds to SiriusXM’s recent acquisition of Pandora, a music streaming service, for $3.5 billion in an all-stock deal.