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Stripe has shown early interest in acquiring PayPal or parts of its business, Bloomberg reported citing people familiar with the matter.
The talks are at an exploratory stage and may not result in a deal. Both companies declined to comment.
PayPal shares rose about 6.7 percent to US$47.01 in New York trading on Tuesday, giving it a market value of roughly US$43.3 billion.
Stripe was valued at US$159 billion in a recent employee and shareholder tender offer.
PayPal, an early online payments pioneer, has faced slower growth amid rising competition from digital wallets such as Apple Pay and Google Pay.
Its latest quarterly results missed analyst expectations and showed continued moderation in payment volumes.
The company is also undergoing a leadership transition, with Enrique Lores set to assume the role of President and CEO on 1 March, succeeding Alex Chriss.
Featured image: Edited by Fintech News Singapore, based on image by farknot via Freepik
