Visa And PayPal Partner To Accelerate Digital Payments

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Visa and PayPal today (July 21) announced a strategic partnership that will combine the power of the largest payments network in the world with the largest digital payments network in the world to give consumers more choice about how they pay when using their PayPal accounts.

According to a release that was issued by PayPal announcing the deal, “the partnership puts PayPal and Visa on a new path with the companies working more collaboratively to accelerate the adoption of safe, reliable and convenient digital payments for consumers and merchants.”

Although there are five major points to this partnership, three immediately emerge as significant:

First, Visa cardholders will not be encouraged to provision their PayPal accounts with an ACH option and PayPal will work with issuers so that consumers are presented with an easy option to move their ACH account options to Visa-branded cards. Although PayPal CEO Dan Schulman has been openly vocal about PayPal’s tender-agnostic mission, ACH payments have been part of PayPal’s value proposition since it launched. The collaboration with Visa ensures that Visa cardholders and issuers are given equal weighting when establishing payments credentials inside of their PayPal accounts.

PayPal will also have access to the Visa Direct network which means consumers can move money to and from Visa debit products to and from their PayPal and Venmo accounts instantly.

Second, PayPal will become part of Visa’s Digital Enablement Program (VDEP). This means that PayPal, working through issuing banks, will now become a digital credential that can be used to transact at a physical point of sale, where Visa contactless transactions are accepted. Merchants will then have access to the tens of millions of PayPal-enabled consumers who will be ready and now able to transact via their mobile phones in their stores.

“This agreement opens new avenues for PayPal to collaborate with Visa, financial institutions and others in the payments ecosystem to deliver greater value, more choice and new experiences, for our joint customers wherever they transact, online, in app or in store,” PayPal President and CEO Dan Schulman was quoted in the press relase announcing the partnership.

Third, this new relationship comes with new economics which provide greater “fee certainty” for PayPal, but, in time, could also form the foundation for new business models for PayPal and its merchants.

“We’re excited to begin a new chapter with PayPal,” Charlie Scharf, CEO of Visa, said in a press release. “PayPal has built industry leading capabilities which complement those of Visa and our clients and working together we will be able to deliver better solutions for consumers and merchants.”

Flying Cars Can Wait: CES Shows Future Is Robots That Cool Your Soup, Pick Up Socks

AI Me gadget from CES 2025

What do the movies “Blade Runner,” “2001: A Space Odyssey,” “Back to the Future Part II” and Spike Jonze’s “Her” all have in common?

These science fiction movies, each depicting various versions of a future full of fantastic technologies, all take place in the year 2025 or earlier.

Though some of the high-tech gadgets and futuristic innovations seen in these films, such as hoverboards and flying cars, haven’t quite materialized in everyday life, they have sparked imagination and set the stage for the very real innovations. As the dozens of groundbreaking products and wacky gadgets that debuted at the 2025 Consumer Electronics Show (CES) this week reveal, the future is certainly now.

CES, after all, rarely disappoints when it comes to providing a first-look at some truly strange gadgets that might just represent the ultimate showcase of tomorrow’s technology.

From artificial intelligence (AI) being embedded into everything and smarter than ever home devices, to autonomous robotic companions and wearable tech that both bends and blends reality, many of the inventions that once seemed out of reach in Hollywood films are now being unveiled on the convention floor.

See also: The Five Not-So-Obvious Things That Will Change the Digital Economy in 2025

Could Smart Home Robots Revolutionize Daily Life?

It’s becoming clear that today’s technological advancements are increasingly bridging the gap between what was once imagined and what’s now becoming real.

For example, smart home robots are no longer a futuristic fantasy — they are being positioned as potentially indispensable components of modern households.

CES 2025 saw the debut of the Roborock Saros Z70, a robot vacuum with a telescopic, five-axis arm. Rosey the Robot from “The Jetsons” has nothing on this little gadget, which its maker describes as “a mechanical arm that sees and thinks,” and is able to pick up and put away items like socks, shoes, tissues and more.

For more serious household tasks, the SwitchBot Multitasking Household Robot K20+ Pro was also unveiled at CES 2025. “Whether it’s delivering objects, vacuuming, monitoring pets, purifying the air, providing home security, or even mobilizing smart tablets, the K20+ Pro juggles household management with ease … from delivering food and drinks to carrying small packages,” said a company release.

Read more: Training Robots Using Video Games Could Democratize Warehouse Automation

The K20+ Pro’s core is designed for customization and flexibility, serving as a modular foundation that allows users to create, adapt, and personalize the robot for a wide variety of innovative applications, and can connect with third-party smart devices like Alexa, Google Assistant and Siri, ensuring integration into any smart home ecosystem.

Elsewhere, TCL premiered its “AI Me” (Amy) concept companion robot, complete with animated eyes, autonomous movement and an AI-powered camera on its head; while Dreame showcased its X50 Ultra robot vacuum that has legs to avoid obstacles.

As smart home technology continues to evolve, the integration of robots designed to assist in daily activities could significantly alter how we interact with our homes, manage tasks and even shape the future of work.

TomBot, for example, debuted an emotional robotic lap dog, Jennie, an AI robot therapy dog designed to keep seniors company. On the more playful side of things, Tokyo robotics startup Yukai Engineering introduced the Nékojita FuFu, a portable cat-shaped robot that can blow air to cool hot food or drinks.

It wasn’t solely robotics for use at home being showcased at CES. John Deere used the Las Vegas event to reveal its own autonomous agricultural products. The fully autonomous machines were on display from Jan. 7 to 10, and were a bit bigger in size, if equivalently less cute, than the TomBot puppies.

Read more: Google Reportedly Bringing Gemini AI to TV Sets

The Future Is Calling and Consumers Can Answer Anywhere

Behind the strangely futuristic convenience of a robot picking up your laundry and taking out the trash while it vacuums and interfaces with the rest of your household appliances lies a much larger story: the rise of the smart economy.

As CES 2025 showed, augmented reality (AR) glasses are the eye candy of the smart economy. A host of futuristic specs were unveiled, capable of a range of tasks that turn the wearer into a high-tech superhero.

Halliday showcased “the world’s first proactive AI glasses with invisible display,” while freshly debuted Loomos.AI glasses offer a ChatGPT-4o integrated AI assistant.

But other appendages remain up for grabs, and innovative products from smart rings to apps like WowMouse, which allows smartwatch wearers to control devices using just their gestures and fingers, are vying for market share in ways that aim to make daily life more convenient, efficient and secure.