Wescom Credit Union of Pasadena, Calif., said Wednesday that its Wescom Resources Group has signed with PayPal Inc. to offer person-to-person payment services to credit unions.
Wescom Resources has integrated PayPal's Send Money for Financial Institutions service into its MemberEdge Mobile Banking system, available to credit unions nationwide.
With PayPal Send Money integrated into MemberEdge Mobile, users can pay anyone, anywhere, with an email address or mobile number directly from their mobile banking application.
"We are very excited to work with WRG and their member credit unions to enable P-to-P and universal money movement," Dan Schatt, general manager of financial innovations for eBay Inc.'s PayPal, said in a press release. "WRG credit unions will be able to offer their users a truly valuable service — the ability to pay any consumer or business instantly in more than 60 countries where PayPal is accepted."