Tagged: dan schulman

PayPal Announces Key Management Changes, New Appointments Heading into 2024

Former CEO Dan Schulman has left PayPal’s (NASDAQ: PYPL) Board of Directors. Alex Chriss was announced as his replacement last August. PayPal confirmed this announcement last month. PayPal had officially announced that Dan Schulman will “depart from PayPal Holdings, Inc.’s Board of Directors, effective December 31,… Read More

Russell Innovation Center for Entrepreneurs Receives $1M Grant from PayPal 

The grant will establish a PayPal Retail Academy to support Atlanta-area entrepreneurs. The Russell Innovation Center for Entrepreneurs (RICE) announced a $1 million grant from PayPal Holdings, Inc. (NASDAQ:PYPL) in order to launch the PayPal Retail Academy, which will provide a robust curriculum of innovative… Read More

PayPal Announces US Dollar Stablecoin, Congressional Leader Says Stablecoins Hold Promise

PayPal (NASDAQ:PYPL), a top publicly traded Fintech, has announced the launch of a dollar-based stablecoin. According to a company statement, PayPal USD or PYUSD is a fully backed digital asset that holds cash, short-term US Treasuries, and similar assets issued in partnership with Paxos, a… Read More

Phoenix Suns, PayPal Extend Partnership Through 2026 NBA Season with a Focus On Community Investment

The Phoenix Suns and PayPal (NASDAQ: PYPL) announced that they have extended their partnership through the 2026 NBA season. PayPal will “continue as the Suns’ jersey sponsor and, as part of the enhanced multi-year deal, the organizations will now increase their focus on supporting small… Read More

PayPal to Reduce Global Workforce by Around 2,000 Full-Time Employees

The following message was shared with PayPal (NASDAQ: PYPL) employees recently by President and CEO Dan Schulman. Dan noted that over the past year, PayPal made significant progress in “strengthening and reshaping their company to address the challenging macro-economic environment while continuing to invest to… Read More

House Republicans Seek Answers from PayPal Following Outrage on Acceptable Use Policy

Earlier this month, PayPal (NASDAQ:PYPL) was slammed for its authoritarian Acceptable Use Policy that was slotted to take effect next month. PayPal decided that it could charge users $2500 – per infraction – if they said or commented on anything PayPal did not concur. PayPal’s… Read More

PayPal Appoints John Kim as Chief Product Officer

PayPal Holdings, Inc. (NASDAQ: PYPL) announced that John Kim will join the company as Executive Vice President, Chief Product Officer, “effective September 26, 2022.” Kim reportedly “brings unique skills and experience building foundational consumer products and marketplaces from the ground up.” Throughout his career, he… Read More

PayPal Reports Revenue of $6.5 billion, EPS of $0.88 in Q1

PayPal (NASDAQ:PYPL), a global payments platform, has reported Q1 numbers of $6.483 billion versus same period last year of $6.033 billion – a 7% growth. Earnings per share (EPS) came in at $0.88 compared to $1.22 in Q1’21. GAAP was pegged at an EPS of… Read More

PayPal Will Block Russian Wallets Next Week

PayPal (NASDAQ:PYPL), a global payments provider that continues to offer a growing amount of Fintech services, says it will block wallets in Russia beginning on March 18th. The news follows an ever-increasing number of financial services firms that have temporarily shut down services or blocked offerings… Read More

PayPal Reports Record Year with $311B in Total Payments Volume in Q2 2021, 400M Active Accounts

PayPal Holdings, Inc. (NASDAQ: PYPL) announced its Q2 2021 results on July 28, 2021, for the period ended June 30, 2021. As noted in the announcement, the earnings release and related materials discussing these results may now be accessed at its investor relations website. PayPal… Read More

Cash Usage Declined, Contactless Payments have Increased Considerably, According to Jodie Kelly from Electronic Transactions Association

The Coronavirus outbreak has led to a dramatic surge in demand for contactless payments options, which has accelerated the ongoing shift from cash transactions to safer digital payment methods. Jodie Kelley, CEO at Electronic Transactions Association, has noted that during the past 6 to 8… Read More

PayPal Is Planning to Offer a Super App with Fintech Services like Crypto, Payments, Investing, Rewards Accessible via Common Interface

Last year was a very transformative year for many Fintechs including PayPal (NASDAQ: PYPL). There was a dramatic surge in digital commerce activity and a record number of new users began using PayPal’s online services (over 72 million). There was also a considerable increase in… Read More

PayPal Partners with Even, a Salary On-Demand Platform, so that Employees Can Get Paid Early to Meet Expenses

PayPal (NASDAQ: PYPL) has partnered with Even, a salary on-demand platform, so that all of the payment giant’s US workers can get paid early and can also access a budgeting tool via an app. PayPal’s partnership with Even has come after PayPal Ventures took part… Read More

PayPal to Allow Users to Buy, Sell, and Pay in Crypto in Partnership with Paxos

  PayPal (NASDAQ:PYPL) has partnered with Paxos to allow users to buy, hold, sell crypto, and pay in crypto by using the PayPal wallet in a new partnership with Paxos. The decision to incorporate digital assets is another sign of corporate acceptance of digital currency…. Read More

Fintech Firms Intuit and PayPal Approved by SBA to Distribute Funds as Part of US Emergency Lending Program, Following Coronavirus Outbreak

Fintech firms Intuit and PayPal have been approved by the Small Business Administration (SBA) to distribute funds, which are part of the US organization’s emergency lending and relief program. The funds are being given to businesses in order to help them sustain their operations, following… Read More

PayPal has Agreed to Acquire Shopping and Rewards Platform Honey Science Corporation for $4 Billion

Holdings, Inc. (NASDAQ: PYPL) revealed on November 20 that it has decided to  acquire Honey Science Corporation, a fast-growing tech platform for shopping and rewards, for around $4 billion. Honey, along with PayPal’s two-sided network, will focus on improving the shopping experience for PayPal’s customers,… Read More

PayPal Europe, National Research Fund & U of Luxembourg Sign MoU to Create FNR PEARL Fintech Chair

PayPal Europe, the Luxembourg National Research Fund (FNR) and the University of Luxembourg signed a Memorandum of Understanding (MoU) this week on the creation of a FNR PEARL chair in the field of FinTech. The Chair has an initial duration of 5 years and will be jointly… Read More

PayPal Acquires Canadian Fintecher TIO Networks

 PayPal has gained ground  in the underbanked bill payment space by acquiring the North American processor TIO Networks for $233 million, according to a release. Founded in 1997 and still led by its CEO founder, Hamed Shahbazi, Vancouver-based TIO Networks serves underbanked customers utilizing an online and mobile… Read More

BCN Mobile World Congress: PayPal + Vodafone= Faster Fintech

The Mobile World Congress 2016 continues today in sunny Barcelona.  PayPal announced its new global partnerships and product updates that showcase its vision of using technology to reimagine financial services to be faster, simpler and more inclusive, whether online, in-app, in store or in new contexts. “We… Read More

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