pymnts Profile:
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.
PayPal’s Schulman: Digital Payments To Be $100T Market
February 20, 2019
There are markets, and there are $100 trillion markets.
And might digital payments be in that $100 trillion classification?
In an interview with CNBC, PayPal CEO Dan Schulman estimated the market will ... Read morePayPal Reorgs In Asia, Closes Malaysia Office
February 13, 2019
In a restructuring move for its customer support department, PayPal has closed its office in Malaysia, according to a report.
The office, which was located in the country’s capital city of ... Read moreSizzle/Fizzle: Snap Earnings Sizzle, Bitcoin Fizzles
February 8, 2019
Sizzle
Snap: Shares snap upward, up by 21 percent, in the wake of earnings that soundly beat projections. Daily average user count may have stanched losses, as the tally was flat, ... Read morePakistan Central Bank Warns PayPal Absence A ‘Major Concern’
February 7, 2019
A new report from the State Bank of Pakistan says a lack of electronic payment services like PayPal in the country has led the nation to lose out on as ... Read moreBitcoin Daily: Coinbase Plans Bitcoin Support For Wallet; Isle Of Man To Develop Blockchain Office
February 6, 2019
The Digital Isle of Man is making a blockchain push with the rollout of an Isle of Man Blockchain Sandbox and the creation of a blockchain office, according to reports. ... Read moreTidal Music Streaming Service Now Accepts Venmo
February 5, 2019
Tidal, the music streaming service owned by Jay-Z, now accepts Venmo as a way to pay for the service, according to reports.
The announcement is the latest in a number of ... Read moreARK Investment FinTech ETF Tracks Amazon, Square, PayPal
February 5, 2019
ARK Investment Management has launched its first FinTech-focused exchange-traded fund.
The ARK FinTech Innovation ETF (ARKF) began trading publicly on the New York Stock Exchange Arca on Monday (February 4). It invests in equity securities ... Read morePayPal Credit Reaches $50B In TPV
February 4, 2019
PayPal Credit said Monday that it has reached $50 billion in total payment volume.
The company said that of that tally, PayPal Credit total payment volume in the United States alone ... Read moreChase Going After PayPal, Stripe In eCommerce Payments
February 4, 2019
JPMorgan Chase is gearing up to take on the likes of Apple Pay, PayPal, and Stripe by boosting its market share in the global treasury services industry by a goal ... Read moreEarnings By The (Lots Of) Numbers
February 1, 2019
Earnings, earnings everywhere, and so what do the numbers tell us? Across eCommerce, across payments giants, across social media, the last several days have been a deluge of data.
All too ... Read more
PayPal’s Schulman: Digital Payments To Be $100T Market
February 20, 2019There are markets, and there are $100 trillion markets.
And might digital payments be in that $100 trillion classification?
In an interview with CNBC, PayPal CEO Dan Schulman estimated the market will ... Read moreHow Merchants Are Fueling Consumers’ Need For Speed (And Convenience) Via Mobile
February 20, 2019
For many consumers, smartphones aren’t only a way to catch up on emails or news: They are also a way to discover and shop for products and services. The technology ... Read moreAnt Buys WorldFirst In $700M Deal
February 14, 2019
Ant Financial, the Chinese financial services affiliate of Alibaba, has inked a deal to acquire WorldFirst, the U.K. payments company.
According to a report in Bloomberg, this marks the biggest overseas deal ... Read moreMastercard CFO Retiring; Sachin Mehra To Take On Role
February 13, 2019
Mastercard, the Purchase, New York payments company, announced Wednesday (Feb. 13) that its chief financial officer is retiring.
In a press release, Mastercard said that after more than a decade as ... Read moreTidal Music Streaming Service Now Accepts Venmo
February 5, 2019Tidal, the music streaming service owned by Jay-Z, now accepts Venmo as a way to pay for the service, according to reports.
The announcement is the latest in a number of ... Read moreChase Going After PayPal, Stripe In eCommerce Payments
February 4, 2019JPMorgan Chase is gearing up to take on the likes of Apple Pay, PayPal, and Stripe by boosting its market share in the global treasury services industry by a goal ... Read moreToday In Data: Keeping Up In Accelerating Ecosystems
February 1, 2019
While stock prices have been varied as earnings have come out – depending on specific results – the fact of rapidly digitizing payments and commerce has been the background story ... Read moreVenmo And Zelle’s P2P Battle Royale
February 1, 2019
The fourth quarter of 2018 was kind to Venmo and Zelle, the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that ... Read morePayPal’s Hit And Miss For Q4
January 31, 2019
PayPal kept its 2018 earnings beat streak alive, notching its fourth consecutive earnings beat with its Q4 results announcement yesterday (Jan. 30).
Revenue, however, was a slight miss for both the quarter and the ... Read moreChinese P2P Falls As Other Payment Ecosystems Expand
January 10, 2019
Thanks to a nationwide crackdown on peer-to-peer (P2P) lending in China, a move that came after a series of multibillion dollar scams in that space and resulting protests, the P2P ... Read more
Mastercard Foundation, Ripple Back Remittance Co SendFriend
February 12, 2019
Remittance company SendFriend announced that it has raised $1.7 million from investors MIT Media Lab, Barclays, the Mastercard Foundation, Ripple, Techstars, Mahindra Finance, 2020 Ventures, and 8 Decimal Capital.
The investment funding ... Read moreSenders As Issuers: A New Space For Cards In Global P2P
February 6, 2019
When InstaReM CEO and Co-founder Prajit Nanu started putting together a global remittance firm for consumers and businesses in 2014, he had been struggling with what he called the entrepreneurial ... Read moreLydia Enables Shared Sub-Accounts With Virtual Cards
January 25, 2019
To help friends and roommates manage money, the French startup Lydia is letting users of its payment app share sub-accounts. They can also make a virtual card to use with digital ... Read moreSizzle Of The Week: Zelle’s Accelerating Growth
January 18, 2019
Bank earnings this week gave us a bit of insight into the momentum gained by bank-backed P2P payment network Zelle in 2018. For example, Bank of America reported on Wednesday ... Read moreTD Ameritrade Enables Instant Brokerage Account Funding Via Apple Pay
January 15, 2019
TD Ameritrade, the Omaha, Nebraska online brokerage, announced Tuesday (Jan. 15) that it now enables customers to instantly fund a brokerage account with Apple Pay via an Apple Business Chat ... Read moreIn Hungary, Instant Payments Gain Traction
January 4, 2019
The new year dawned with individual country and company initiatives tied to instant payments, and moving beyond cash transactions.
To that end, Reuters reported on Thursday (Jan. 3) that, in Hungary, ... Read moreKuwait Bank Taps Ripple For Online Banking
December 28, 2018
The National Bank of Kuwait (NBK) has announced that it will incorporate RippleNet blockchain into its online banking platform, offering 24-hour wire transfers to Jordan, with more countries being added soon.
NBK ... Read moreFBI Warns Of ‘Money Mule’ Fraud
December 27, 2018
The Federal Bureau of Investigation (FBI) is warning about a new form of fraud that targets companies, schools and nonprofits around the United States.
According to the Associated Press, “money mules” are individuals ... Read moreMoneyGram, Kroger Pair On Bill Pay
December 19, 2018
MoneyGram, a global money transfer and payment company, has announced a partnership with the Kroger family of stores, according to the company.
MoneyGram bill pay will be available at more than ... Read moreTransferGo Raises $17.6M For X-Border Payments
December 14, 2018
TransferGo, an up-and-coming international money transfer company, has raised more than $17.6 million in a Series B funding round, according to a report.
The London-based company, which was founded in 2012, ... Read more
PayPal’s Schulman: Digital Payments To Be $100T Market
February 20, 2019There are markets, and there are $100 trillion markets.
And might digital payments be in that $100 trillion classification?
In an interview with CNBC, PayPal CEO Dan Schulman estimated the market will ... Read morePakistan Central Bank Warns PayPal Absence A ‘Major Concern’
February 7, 2019A new report from the State Bank of Pakistan says a lack of electronic payment services like PayPal in the country has led the nation to lose out on as ... Read moreARK Investment FinTech ETF Tracks Amazon, Square, PayPal
February 5, 2019ARK Investment Management has launched its first FinTech-focused exchange-traded fund.
The ARK FinTech Innovation ETF (ARKF) began trading publicly on the New York Stock Exchange Arca on Monday (February 4). It invests in equity securities ... Read moreVenmo And Zelle’s P2P Battle Royale
February 1, 2019The fourth quarter of 2018 was kind to Venmo and Zelle, the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that ... Read moreWhat To Watch When PayPal Reports Earnings
January 29, 2019
A good time was had by all on PayPal earnings day in 2018 as the digital payments network managed to beat Wall Street expectations in three out of three reported ... Read morePast Acquisition Failures, Wins Hang Over Talk Of Big Deals
January 24, 2019
The past few weeks have been interesting ones when it comes to imagining potential acquisitions in the world of commerce and payments.
One analyst suggested that meal kit delivery service Blue ... Read morePayPal, Mastercard Tout Bank-FinTech Alliances At Davos
January 22, 2019
At the World Economic Forum in Davos, Switzerland, executives of PayPal and Mastercard touted partnerships between financial technology companies and banks as a positive way to gain customers’ trust and ... Read morePayPal India Sees Revenue Jump 12x
January 4, 2019
PayPal has reported a more than twelvefold boost in revenue at its Indian payments subsidiary.
According to The Economic Times, revenue reached Rs 260 crore in 2018 from Rs 21 crore the ... Read moremPOS At 37,000 Feet
January 2, 2019
With the global mobile point of sale (mPOS) market projected to experience a compound annual growth rate (CAGR) of 18.8 percent from 2017 to 2026, many solution providers are looking ... Read moreModo CEO: 2018 Was The Year Of Utility
December 28, 2018
Bruce Parker, founder and CEO of Modo, contributed the following piece as part of PYMNTS’ 2018 year-end eBook.
’Twas December 2017, and all through the global payments space, APMs and traditional ... Read more
PayPal’s Schulman: Digital Payments To Be $100T Market
February 20, 2019There are markets, and there are $100 trillion markets.
And might digital payments be in that $100 trillion classification?
In an interview with CNBC, PayPal CEO Dan Schulman estimated the market will ... Read moreSavvy Online Retailers Add Connected Consumer-Friendly Payment Options
February 14, 2019
With all sorts of digital services at their fingertips, consumers are looking for convenience when they purchase products or services. Consumers, for instance, are swapping their cable channels for digital ... Read moreWhy Subscription Merchants Are Offering Mobile Optimization With Payments
February 12, 2019
From consumer packaged goods (CPG) to technology, companies in all sorts of industries are adopting the subscription business model. But, despite the differences in their offerings, merchants that offer subscriptions ... Read moreMoneyGram CEO: 2019 Is The ‘Year Of The Consumer’
February 12, 2019
Restructuring efforts continue at MoneyGram, and — amid a tougher compliance environment — the company missed Wall Street expectations as sales declined. However, bright spots included a continued embrace of ... Read moreTidal Music Streaming Service Now Accepts Venmo
February 5, 2019Tidal, the music streaming service owned by Jay-Z, now accepts Venmo as a way to pay for the service, according to reports.
The announcement is the latest in a number of ... Read moreToday In Data: Consumers, Brands And The Power Of Self-Sufficiency
February 4, 2019
While consumers are always looking for services – and tend to reward customer-obsessed brands – it can be easy to forget that customers also loving helping themselves, and tend to reward those who make ... Read moreEarnings By The (Lots Of) Numbers
February 1, 2019Earnings, earnings everywhere, and so what do the numbers tell us? Across eCommerce, across payments giants, across social media, the last several days have been a deluge of data.
All too ... Read moreVenmo And Zelle’s P2P Battle Royale
February 1, 2019The fourth quarter of 2018 was kind to Venmo and Zelle, the two big peer-to-peer (P2P) services that are battling for consumer loyalty and market supremacy — a fight that ... Read morePayPal’s Hit And Miss For Q4
January 31, 2019PayPal kept its 2018 earnings beat streak alive, notching its fourth consecutive earnings beat with its Q4 results announcement yesterday (Jan. 30).
Revenue, however, was a slight miss for both the quarter and the ... Read moreBoA Loyalty Program Members Can Trade Stocks For Free
January 30, 2019
Bank of America is giving free trades to its most loyal members, according to a report by Bloomberg.
The bank will expand the eligibility for free trades on stocks and exchange-traded ... Read more