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Paypal (NASDAQ: PYPT)
PayPal is a leading technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. We put our customers at the center of everything we do. We strive to increase our relevance for consumers, merchants, friends and family to access and move their money anywhere in the world, anytime, on any platform and through any device.
More Consumers Would Pay With Venmo If They Understood It
April 10, 2024
For account-to-account (A2A) payment providers, PYMNTS Intelligence research finds, education continues to present a huge barrier to adoption. By the Numbers A2A payments, which bypass the middleman to move money quickly from ...Read moreEx-PayPal CEO Dan Schulman Joins Valor Capital
April 10, 2024
Former PayPal CEO Dan Schulman has been named managing partner at Valor Capital. The firm, which says it launched the first U.S. and Latin American cross-border venture fund in 2011, announced Schulman’s appointment in a Monday (April 8) ...Read moreKlarna Boosts Profits With ChatGPT as BNPL Firms Tap AI
April 8, 2024
Klarna is seeing generative artificial intelligence improve its margins, as buy now, pay later (BNPL) firms turn to new digital capabilities to address their profitability challenges. ChatGPT parent company OpenAI shared Friday (April 5) that ...Read moreConsumers Want to Buy Retail Products via a Super App
April 8, 2024
The majority of consumers in the United States and Australia want the option to buy retail products online from a single, unified platform that spans a range of their day-to-day ...Read moreXoom Users Can Now Make Transfers With PayPal Stablecoins
April 4, 2024
Cross-border money transfer service Xoom now lets users make transactions with PayPal’s USD stablecoin. Xoom, owned by PayPal, said in a Thursday (April 4) press release that the new funding option lets users in the United ...Read morePayPal Ventures Backs Hyperlocal Marketing Firm SingleInterface
April 4, 2024
India-based “hyperlocal marketing-to-commerce” firm SingleInterface raised $40 million in new funding. The funding round was led by Asia Partners, with participation by PayPal Ventures, according to a Thursday (April 4) press release. Founded by entrepreneurs Tarun Sobhani and Harish Bahl, the ...Read morePayPal’s Court Win Spotlights Continuing Evolution of Digital Wallets
April 3, 2024
The legal dust-up between PayPal and the Consumer Financial Protection Bureau (CFPB) over digital wallets has notched a win in PayPal’s favor. As reported this week, U.S. District Judge Richard J. ...Read moreAs Visa+ Comes to PayPal and Venmo, Interoperable Cross-Border Payments Gain Ground
April 2, 2024
Interoperability in payments — paying anyone, anywhere, no matter the network — remains a Holy Grail in payments. And interoperability is a work in progress. But bit by bit and app ...Read morePaypal and Venmo Begin Offering Visa+ P2P Payments
April 2, 2024
Visa said PayPal and Venmo are now offering its Visa+ peer-to-peer (P2P) payment system. “As we continue to expand the P2P use case in the U.S., Current and Western Union will join PayPal and Venmo in enabling cross-platform money movement,” the company ...Read moreJudge Sides With PayPal in CFPB Lawsuit Regarding Digital Wallets
April 1, 2024
PayPal won a legal victory against the U.S. consumer protection watchdog. According to court documents cited in a Friday (March 29) Law 360 report, U.S. District Judge Richard J. Leon tossed out ...Read more
Issuers Look Beyond Inflation and Interest Rates to Managing Real-Time Fraudsters
April 23, 2024
As global head of product at payment processor i2c, Seth Perlman has seen his share of headwinds and tailwinds in the banking business, including stints at Visa, Fiserv and PayPal. ...Read moreThis Week in B2B: Lending Innovations, AI and Digital Payments
April 19, 2024
The B2B landscape is on the cusp of the next era in payments innovation. As PYMNTS readers already know, this new and exciting era is being driven by an ongoing digital ...Read moreMore Consumers Would Pay With Venmo If They Understood It
April 10, 2024For account-to-account (A2A) payment providers, PYMNTS Intelligence research finds, education continues to present a huge barrier to adoption. By the Numbers A2A payments, which bypass the middleman to move money quickly from ...Read moreSingapore’s Tranglo Expands Cross-Border Payments Network
April 8, 2024
Tranglo has expanded its cross-border payment network to allow transfers to more than 30 digital wallets. The Singapore-based FinTech announced the expansion Monday (April 8), noting that its direct-to-wallet transfers eliminate the need for intermediaries ...Read moreMessaging Platform Telegram Pivots to Crypto Payments for Ads
April 3, 2024
Throughout nearly their entire history, cryptocurrencies have represented the archetypal innovation in search of a problem. And while they’ve succeeded as an unregulated store of value, as well as a tool for scammers, ...Read moreGot Leather? Almost a Third of Consumers Prefer Carrying Physical Wallet
April 3, 2024
Digital wallets — Apple Pay, Google Wallet, PayPal and more — give consumers a secure, convenient and contactless way to pay for purchases online and in person. Because they store credit- and debit-card ...Read morePayPal-Backed NX Technologies Raises $24 Million to Streamline Automotive Payments
March 20, 2024
NX Technologies raised 22 million euros (about $24 million) in a Series B funding round led by PayPal Ventures. The company will use the capital to strengthen its market position in Germany, expand ...Read moreThe Apple Pay Threat Facing Banks
March 18, 2024
A friend was preparing for a once-in-a-lifetime yoga retreat to a fancy resort in Malaysia. The trip was a long one with stopovers in Qatar and two days in Kuala ...Read moreConsumers Spend More at Restaurants When Using Digital Wallets
March 14, 2024
Digital wallets — such as Apple Pay and Google Pay, which use near-field communication tags, and Amazon Pay and PayPal, which use QR codes — offer shoppers a contactless method ...Read morePayPal Appoints Ex-SoFi Executive Aaron J. Webster as Chief Enterprise Services Officer
March 13, 2024
PayPal has appointed former SoFi executive Aaron J. Webster as executive vice president, chief enterprise services officer, effective Monday (March 18). In his new role, Webster will be responsible for global financial crime and fraud prevention ...Read more
Pomelo Officially Launches Product Combining Credit and International Money Transfer
April 22, 2024
Pomelo has announced its official launch after several months of private beta. The company is launching with $70 million in seed financing that includes $20 million in venture capital and $50 million ...Read moreWestern Union Marks 100 Concept Stores in Europe
December 6, 2023
Western Union says it has expanded its network of concept stores in Europe. The cross-border money transfer provider announced Wednesday (Dec. 6) that it now has 100 concept stores and “company-owned hubs” ...Read moreFTC: Walmart ‘Turned Blind Eye’ to Telemarketing Rule Violations
July 2, 2023
Federal regulators have offered new details in a legal action involving Walmart’s money-transfer operations. The Federal Trade Commission (FTC) announced Friday (June 30) that it had amended its year-old complaint against the retail giant, which involves the company’s ...Read moreMoney Transfer Company Wise Reports 37% YOY Increase in Volumes
June 27, 2023
Money transfer company Wise increased its customer base by 34% and its volumes by 37% over the last year. During the 12 months ended March 31, the company’s customer base grew ...Read moreMoney Transfer Firm Instant Cash Receives License From UAE Central Bank
May 25, 2023
Instant Cash has received a license from the Central Bank of the United Arab Emirates (CBUAE). With this Retail Payment Services and Card Scheme Regulation (RPSCS) Category 2 License, Instant Cash ...Read moreRising P2P Payments Driving Demand for More Seamless Money Movement Options
April 11, 2023
Call it peer-to-peer or person-to-person, but P2P is taking on new significance in a troubled economy where splitting the restaurant bill or lending your friend a few dollars is a ...Read morePaysera and Ria Team to Help Unbanked Consumers
March 12, 2023
Paysera has teamed with Ria Money Transfer to help unbanked customers send and receive money. The partnership, announced Friday (March 10), lets clients send money to 522,000 Ria cash pickup locations ...Read moreWestern Union and Regions Bank Extend Global Money Transfer Partnership
February 22, 2023
Western Union has decided to continue its 12-year-old partnership with Regions Bank. The two companies announced a five-year extension to their agreement Wednesday (Feb. 22), allowing consumers to use Western Union’s money transfer and bill ...Read moreWestern Union Appoints Matt Cagwin CFO at ‘Pivotal Inflection Point’
January 25, 2023
Western Union has appointed interim Chief Financial Officer Matt Cagwin as CFO. Cagwin had served as the cross-border money transfer firm’s interim CFO since September and was named CFO effective Jan. ...Read moreUK Watchdog Warns of Price Fixing Among Money Transfer Firms
January 25, 2023
The U.K.’s consumer watchdog has accused three money transfer firms of price fixing. The Financial Conduct Authority (FCA) alleged in a Wednesday (Jan. 25) news release that Dollar East, Hafiz Bros Travel & Money Transfer, and Small World ...Read more
Klarna Boosts Profits With ChatGPT as BNPL Firms Tap AI
April 8, 2024Klarna is seeing generative artificial intelligence improve its margins, as buy now, pay later (BNPL) firms turn to new digital capabilities to address their profitability challenges. ChatGPT parent company OpenAI shared Friday (April 5) that ...Read morePayPal Ventures Backs Hyperlocal Marketing Firm SingleInterface
April 4, 2024India-based “hyperlocal marketing-to-commerce” firm SingleInterface raised $40 million in new funding. The funding round was led by Asia Partners, with participation by PayPal Ventures, according to a Thursday (April 4) press release. Founded by entrepreneurs Tarun Sobhani and Harish Bahl, the ...Read morePayPal Ventures Backs $47 Million Fundraise for InsurTech Qoala
March 27, 2024
InsurTech Qoala has raised $47 million in a funding round led by PayPal Ventures and MassMutual Ventures. The Series C round, announced Wednesday (March 27), will let the Malaysia-based Qoala expand its embedded insurance business across Southeast Asia. “The ...Read moreNavro Names PayPal Vet Colin Moss-Davies as Revenue Chief
March 21, 2024
British payments firm Navro has named a PayPal veteran to serve as its chief revenue officer. Colin Moss-Davies, PayPal’s former head of sales, was named to his new position Thursday (March 21), Navro said in ...Read morePayPal-Backed NX Technologies Raises $24 Million to Streamline Automotive Payments
March 20, 2024NX Technologies raised 22 million euros (about $24 million) in a Series B funding round led by PayPal Ventures. The company will use the capital to strengthen its market position in Germany, expand ...Read morePayPal Names Cash App, Afterpay Veteran Geoff Seeley Marketing Head
February 26, 2024
PayPal has named former Cash App and Afterpay marketing leader Geoff Seeley as its new chief marketing officer. Seeley will lead the global marketing team for PayPal and its family of ...Read morePayPal-Backed Rasa Raises $30 Million to Grow Conversational AI Platform
February 14, 2024
PayPal-backed Rasa has raised $30 million in a Series C round to grow its generative conversational artificial intelligence (AI) platform for enterprises. The company aims to redefine how businesses use generative ...Read moreTech Layoffs ‘Become Contagious’ Amid AI Investments
February 11, 2024
Tech firms have cut 34,000 jobs so far this year amid new investments in technology. A total of 141 companies have cut staff this year as of Sunday (Feb. 11), according ...Read morePayPal Explores Offline Payments as DMA Looms
February 8, 2024Is PayPal getting ready to offer “offline” payments? The company seems to be indicating a move in that direction as new European Union regulations go into effect for its partner Apple, per a report Thursday ...Read morePayPal to Cut Workforce by 9%
January 30, 2024
PayPal will eliminate about 2,500 positions, or about 9% of its workforce, this year. The company aims to “right-size” its workforce by cutting jobs and by not filling open roles, PayPal ...Read more
Tink Teams With Splitwise to Offer Pay-by-Bank
April 22, 2024
Visa-owned payments platform Tink has launched an open banking partnership with expense-sharing app Splitwise. The collaboration, announced Monday (April 22), brings Pay by Bank to Splitwise users, letting them make direct payments ...Read moreNCR Voyix Warns on Instant Payments Adoption Delays
April 17, 2024
Real-time payments have enjoyed optional status up to this point. But they are quickly becoming an essential competitive factor for financial institutions (FIs), especially in sectors like real estate and ...Read moreWhat Generation Z Wants From Their Bank
April 15, 2024
There are 69 million consumers in the U.S. who are between the ages of 12 and 27. They are described as the first digitally-native generation — a generation that has ...Read moreSpreedly Enables Mobile Wallet Transactions on Olo’s Hospitality Platform
April 11, 2024
Olo has selected Spreedly to enable mobile wallet transactions for restaurants that use Olo’s software-as-a-service (SaaS) platform for the hospitality industry. Spreedly’s open payments platform will enable the two companies’ mutual customers to offer ...Read moreMore Consumers Would Pay With Venmo If They Understood It
April 10, 2024For account-to-account (A2A) payment providers, PYMNTS Intelligence research finds, education continues to present a huge barrier to adoption. By the Numbers A2A payments, which bypass the middleman to move money quickly from ...Read moreSingapore’s Tranglo Expands Cross-Border Payments Network
April 8, 2024Tranglo has expanded its cross-border payment network to allow transfers to more than 30 digital wallets. The Singapore-based FinTech announced the expansion Monday (April 8), noting that its direct-to-wallet transfers eliminate the need for intermediaries ...Read moreXoom Users Can Now Make Transfers With PayPal Stablecoins
April 4, 2024Cross-border money transfer service Xoom now lets users make transactions with PayPal’s USD stablecoin. Xoom, owned by PayPal, said in a Thursday (April 4) press release that the new funding option lets users in the United ...Read moreAs Visa+ Comes to PayPal and Venmo, Interoperable Cross-Border Payments Gain Ground
April 2, 2024Interoperability in payments — paying anyone, anywhere, no matter the network — remains a Holy Grail in payments. And interoperability is a work in progress. But bit by bit and app ...Read morePaypal and Venmo Begin Offering Visa+ P2P Payments
April 2, 2024Visa said PayPal and Venmo are now offering its Visa+ peer-to-peer (P2P) payment system. “As we continue to expand the P2P use case in the U.S., Current and Western Union will join PayPal and Venmo in enabling cross-platform money movement,” the company ...Read moreFor Banks to Compete With FinTechs, They Need to Act Like One
March 28, 2024
The financial services landscape is an inherently customer-centric one. Within it, the winds of change around customer behavior and expectations about their banking relationships and financial journeys have been blowing stronger ...Read more