Tagged: paypal

February 13, 2020 @ 1:57 pm By Samantha Hurst  |  

FIS (NYSE: FIS), a financial services technology firm, announced on Thursday it is extending its partnership with payments platform giant PayPal to enable millions of cardholders of U.S. financial institutions to participate in PayPal’s Pay with Rewards. FIS reported beginning in the third quarter of… Read More

February 11, 2020 @ 11:32 am By JD Alois  |  

Financial Innovation Now (FIN) represents some of the biggest names in tech when it comes to Fintech. These firms include Apple, Amazon, Google, PayPal, Square, and Intuit. Each of these big tech firms have a strong foothold in providing financial services and many observers expect… Read More

January 23, 2020 @ 10:45 pm By Samantha Hurst  |  

UnionPay International (UPI) announced on Thursday it has teamed up with PayPal (NASDAQ: PYPL) to accelerate the growth of their networks. According to UPI, PayPal has committed to supporting UPI acceptance globally where PayPal is accepted. Speaking about the partnership’s benefits, Jim Magats, Senior Vice… Read More

January 6, 2020 @ 3:43 pm By Samantha Hurst  |  

PayPal announced on Monday it has officially completed its acquisition of Honey Science Corporation (Honey), which is a tech platform for shopping and rewards. As previously reported, Honey is widely known as a useful discovery tool that assists users in finding savings and good deals… Read More

December 20, 2019 @ 11:36 am By Samantha Hurst  |  

Payments platform giant PayPal (NASDAQ: PYPL) announced on Friday it has completed its acquisition of a 70% equity interest in Guofubao Information Technology Co., Ltd. (GoPay). The acquisition notably follows the approval of the transaction by the People’s Bank of China, which took place on September… Read More

December 16, 2019 @ 12:05 pm By Samantha Hurst  |  

Citi (NYSE: C) and PayPal (NASDAQ: PYPL) announced on Monday they have expanded their partnership to enable Citi’s institutional clients to make payments into customers’ PayPal digital wallets. According to the duo, the extended partnership brings together Citi’s large global network and client base of… Read More

December 8, 2019 @ 10:24 pm By Samantha Hurst  |  

Payments platform giant PayPal (NASDAQ: PYPL) recently announced it surpasses $100 million during GivingTuesday 2019. According to PayPal, GivingTuesday is a global giving movement empowering people and organizations to transform their communities and create the world they want to live in. “In a world that… Read More

December 2, 2019 @ 10:25 am By Samantha Hurst  |  

PayPal and Mastercard recently announced the expansion of instant transfer service, Mastercard Send, to Mastercard cardholders in Singapore and a number of European countries. The duo claims that the service has been successful in the U.S. According to PayPal and Mastercard, Mastercard Send is described… Read More

November 23, 2019 @ 12:02 am By Omar Faridi  |  

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

November 14, 2019 @ 9:34 pm By Cali Haan  |  

Popular free pornography site PornHub has announced in a blog post that payments giant PayPal has stopped servicing payments to over 100 000 porn performers who sell extras through the site. According to PornHub: “We are all devastated by PayPal’s decision to stop payouts to… Read More

November 13, 2019 @ 12:16 pm By Samantha Hurst  |  

Xoom, PayPal’s international money transfer service, announced on Tuesday it has rolled out its domestic money transfer service in the U.S. Xoom reported that through its collaboration with Walmart and Ria, U.S. citizens may now use its services to send money for cash pick-up typically… Read More

October 23, 2019 @ 5:14 pm By JD Alois  |  

Global Payments platform PayPal (NASDAQ:PYPL) beat on earnings today and shares in the company responded after hours jumping by over 8%. Revenue for Q3 increased by 19% to $4.38 billion as users increased by 7% during the quarter adding 9.8 million users. In total, PayPal… Read More

October 17, 2019 @ 2:52 pm By Samantha Hurst  |  

Payments platform giant PayPal (NASDAQ: PYPL) announced on Thursday it has extended its strategic consumer credit partnership with Synchrony (NYSE: SYF). PayPal reported that through the collaboration, Synchrony will become the exclusive issuer of a Venmo co-branded consumer credit card in the U.S., which is… Read More

October 11, 2019 @ 4:21 pm By Cali Haan  |  

Following in the footsteps of PayPal, which walked away from the Libra Association last Friday, eBay and Stripe have now departed the alliance. In an update, Law360 has confirmed that Mastercard and Visa have exited the Libra Association as well. “We highly respect the vision… Read More

October 10, 2019 @ 8:53 am By Samantha Hurst  |  

PayStand, a blockchain-based, B2B payments firm, announced on Thursday it has appointed four globally recognized fintech veterans from Fiserv, PayPal, and Visa to its Fintech Advisory Council. According to PayStand, the council comes on the heels of a record-breaking year for the company, with revenue… Read More

October 4, 2019 @ 9:13 pm By Samantha Hurst  |  

Payments platform giant PayPal announced earlier this week it has received approval from The People’s Bank of China to acquire 70% equity interest in Guofubao Information Technology Co. (GoPay), Ltd., a holder of a payment business license in China. This will allow PayPal to provide… Read More

October 4, 2019 @ 4:49 pm By Omar Faridi  |  

Paypal, one of the founding members of the Libra Association, has exited the controversial stablecoin project.  Earlier, the Financial Times reported that the digital payments giant PayPal might be pulling out of the Facebook-led cryptocurrency project due to regulatory issues. This afternoon, WSJ.com has confirmed… Read More

October 3, 2019 @ 2:26 am By Cali Haan  |  

Officials at Visa, Mastercard, PayPal, and Stripe are reportedly hesitating now about officially signing on as members of the Libra Association, a governance consortium assembled by Facebook to advise on its proposed private, in-app currency system, Libra. The 28 current members of the Libra Association are reportedly being asked… Read More

September 30, 2019 @ 2:21 pm By Samantha Hurst  |  

KBC, a Belgium-based financial solution, announced last week it has integrated with PayPal. KBC reported that its customers may now consult their PayPal through KBC Mobile. “KBC played a pioneering role in the implementation of PSD2 and, in March 2018, was the first bank in Belgium… Read More

September 27, 2019 @ 8:02 am By Omar Faridi  |  

The global Fintech market was valued at approximately $127 billion in 2018, and is projected to grow to around $310 billion at a 24.8% annual growth rate by 2022, according to a September 26 press release by the Business Research Company.  The rapidly evolving digital… Read More