PayPal (NASDAQ:EBAY) is expanding its partner program and is actively looking for partners in the mobile payments space. PayPal plans to roll out a new initiative this summer.
The payments arm of parent company eBay announced the effort on its website: "PayPal wants to help you grow your business, drive profitability and deliver better mobile solutions to consumers and merchants, so we are expanding the PayPal Partner Program to include partners offering mobile payment solutions on the go and in-store at the point of sale."
PayPal is looking to partner with solutions providers, systems integrators, processing resellers and hardware developers to help deliver mobile solutions.
"As a PayPal partner, we will collaborate with you and help you leverage our collective strengths to deliver differentiating mobile experiences to consumers and merchants," the announcement said. The company is focused on retailers large, midsize and small, and restaurant operations.
Home Depot (NYSE:HD) accepts PayPal payments using a mobile wallet. Jamba Juice, J.C. Penney (NYSE:JCP) and Toys R Us are among the growing list of PayPal partners.
Additional details are scarce, but PayPal helpfully points out that its payments system is unaffected by the Heartbleed bug, and the program promises "all the tools and resources partners need to market, sell and support mobile payments." And it's coming in summer 2014.
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