More PayPal payment options added to Microsoft Store
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Microsoft (NASDAQ:MSFT) announced on Tuesday that it's integrating more PayPal (NASDAQ:PYPL) financing options for its customers.
The tech giant will integrate PayPal's Pay Later financing in the U.S., U.K., Australia, Germany, France, Spain, and Italy. 
In addition, customers in the U.S. will be able to pay for Microsoft Store purchases with Venmo. The peer-to-peer payment app is currently an option in the Microsoft Store on Xbox in the U.S.
The new integrations broadens PayPal Holdings' (PYPL) and Microsoft's partnership. For 16 years, PayPal has been a checkout option for Microsoft customers. The expanded partnership comes as the Federal Reserve starts its own real-time payment service, FedNow.
"The addition of new PayPal payment method options delivers on this commitment and offers even more flexibility for customers with tools that work for them and their goals
The Pay Later option allows eligible consumers to pay for purchases in installments over weeks or months in fixed amounts. When consumers pay with Venmo, they'll have the option to purchase subscriptions or split payments upon purchase, the companies said.
While PayPal (PYPL) stock initially rose ~1% in premarket trading, the shares slipped 0.2% in regular trading at 10:11 AM ET.
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