Bank of America to Expand Mobile Wallet Options

Bank of America today announced its customers can now seamlessly add multiple credit and debit cards to their PayPal account directly from the bank’s mobile banking app, making it even easier to shop how, where and when customers choose.

This marks the initial integration from the partnership that was announced in July 2017. Later this year, customers will also be able to add their cards seamlessly within the PayPal experience.

These initiatives are part of Bank of America’s ongoing commitment to deliver innovative payment solutions and choice to the bank’s more than 24 million active mobile users.

“It’s all about providing our customers the most convenient and secure payments experience possible,” said Mark Monaco, head of Enterprise Payments at Bank of America. “As the face of money continues to become more digital, Bank of America remains committed to giving our customers the ability to use any major wallet or payment method they choose, including PayPal.”

Bank of America’s customers continue to adopt digital payments at record rates. While the percent of mobile wallet transactions is still relatively small compared to more traditional payment methods, transactions doubled over the past year, according to transaction and spending data from over 50 million active Bank of America credit and debit cards.