PayPal says it will invest $ 500 m in Uber to extend the six - year - old partnership between them and it has promised to consider developing a digital wallet for the ride - sharing industry . The backing comes a few weeks after Toyota announced a $ 1bn investment in Uber . It has also filed applications for a potential $ 120bn IPO .
PayPal says it will invest $500m in Uber to extend the six-year-old partnership between them and it has promised to consider developing a digital wallet for the ride-hailing company. The backing comes a few weeks after Toyota led a $1bn investment in Uber. It has also filed plans for a potential $120bn IPO.