Tagged: paypal

Moving Money: Derek Chau, Partner at Acorn Pacific Ventures, Shares insight into Faster Payments

Faster payments and electronic transfers is a hot sector of Fintech. For quite some time, traditional banks sat on the sidelines watching Fintechs push into their business. Today, they are stepping things up but questions remain as to whether or not old finance has the… Read More

PayPal Expands International Money Transfer Service Xoom to 32 Markets Across Europe

PayPal announced on Tuesday the launch of its international money service Xoom in 32 markets across Europe. According to PayPal, consumers in these markets can now use Xoom to quickly send money, pay bills or phones to more than 130 markets internationally. “Xoom’s expansion to… Read More

Monese Announces New Collaboration With PayPal

Digital challenger bank Monese announced on Thursday it has formed a new collaboration with payments platform giant PayPal. Monese reported that customers in the UK will be able to do the following: Link Monese and PayPal accounts, to manage PayPal balance and transactions in the… Read More

Competition and Markets Authority Clears PayPal’s Purchase of iZettle

The UK Competition and Markets Authority (CMA) has cleared the acquisition by PayPal of competitor iZettle. In April, the CMA provisionally found the deal should be cleared. After an initial investigation (Phase 1), CMA raised concerns regarding competition reduction if the acquisition went through. The… Read More

Tink Secures Strategic Investment From PayPal

Tink, a Sweden-based fintech that provides APIs to create next-generation banking services, announced on Tuesday it received a strategic investment from PayPal (NASDAQ: PYPL) to continue its expansion across Europe. Tink reported that with the investment, PayPal has agreed to partner with it to use… Read More

PayPal Launches New Digital Commerce Platform

PayPal (NASDAQ: PYPL) announced on Monday the launch of its new digital commerce platform. The PayPal Commerce Platform is notably designed to meet the specific needs of marketplaces, e-commerce solution providers, crowdfunding platforms, and more by bringing together the most comprehensive set of technologies, tools,… Read More

PayPal Provides Over $10 Billion in Funding to 650,000 Loans of More than 225,000 Small Businesses Around the World

PayPal (NASDAQ: PYPL) announced on Thursday it has provided more than $10 billion in funding through more than 650,000 loans to more than 225,000 small businesses around the world since providing access to its first loan more than five years ago. PayPal reported that its… Read More

Coinbase’s Canadian Customers May Now Link Their PayPal Accounts

Cryptocurrency exchange Coinbase announced on Tuesday it is now expanding PayPal support for our customers in Canada. Coinbase reported that its customers in Canada may now instantly transfer sale proceeds directly into their PayPal accounts. “Coinbase is committed to being the most trusted crypto exchange… Read More

At Key Moment, Facebook Hires Two Former Compliance Officers from Coinbase

Facebook has picked up two former employees from Coinbase, the San Francisco-based crypto trading platform, Coindesk reports. In all likelihood, the two may have been hired to contribute to Facebook’s top-secret go at creating a price-stabilized cryptocurrency for use in a Facebook-linked payments system the… Read More

Details Emerge on Possible Features of Facebook’s Anticipated Cryptocurrency

Facebook (NASDAQ:FB) is stuffing its ranks with former PayPal staff, and an announcement regarding the company’s much-anticipated stab at creating a cryptocurrency may come as early as next quarter, though the company is still far from a viable product, unnamed sources tell Bloomberg. Facebook has… Read More

ICE Crypto Venture Bakkt Hires Former Google and PayPal Exec to Build Out Its Payments Leg

Bakkt, the Intercontinental Exchange’s (ICE’s) forthcoming “digital asset” trading platform and crypto custody service, has hired former PayPal VP Engineering and former Google Engineering Director-Payments Mike Blandina to develop products and payments features at the company. Bakkt CEO Kelly Loeffler announced the hire in an… Read More

Digital Identity Enterprise Software Provider Cambridge Blockchain Receives Investment From PayPal

Cambridge Blockchain, Inc, a digital identity enterprise software provider, announced today that PayPal (NASDAQ: PYPL) has joined its Series A funding round. Cambridge Blockchain reported that with this investment, the two companies will explore potential collaborations to leverage blockchain technology. Cambridge Blockchain revealed its solutions… Read More

PayPal Forms New Partnership With Instagram

Payment processing giant PayPal announced last week that is forming a new partnership with Instagram to help with buyer and seller transaction through Instagram’s new check out experience for shopping. According to PayPal, Checkout on Instagram will be available within posts and stories with shopping… Read More

PayPal Commits to Making $750 Million Strategic Investment in MercadoLibre

MercadoLibre, Inc. (NASDAQ: MELI), a Latin American e-commerce technology company, announced on Tuesday it intends to offer approximately $1 billion of common stock. The company reported it also intends to grant the underwriters a 30-day option to purchase up to $150 million of additional shares… Read More

PayPal Report: Backs UK Small Businesses with More Than £1 billion of Alternative Funding Through Working Capital Program

PayPal announced on Wednesday it has provided a huge £1 billion of finance to UK small businesses through PayPal Working Capital program.  According to PayPal, the alternative finance offering allows UK small businesses to apply for, and receive, a cash advance against future sales online… Read More

PayPal Milestone: Credit Transaction Volume Reaches $50 Billion

PayPal Holdings, Inc. (NASDAQ: PYPL) announced on Monday its credit transaction volume has reached $50 billion. The company reported that since 2008, PayPal Credit, with eight years prior to that with BillMeLater, has surpassed the milestone in the U.S. PayPal reported that in 2018 alone, PayPal Credit… Read More

Temenos Banking Software Selected by PayPal

Digital payment platform and online lender PayPal (NASDAQ: PYPL)  has selected Temenos (SIX: TEMN) to provide digital banking services. The announcement by Temenos was buried in a brief release last Friday. Temenos stated: “PayPal, Inc. has selected Temenos T24 Core Banking. The Temenos T24 banking platform will run… Read More

Coinbase Now Allowing Instant PayPal Withdrawals For All U.S. Customers

coinbase on screen

Coinbase announced on Friday it is now allowing instant PayPal withdrawals for all U.S. customers. The company reported that U.S. customers can instantly withdraw Coinbase balances to PayPal, which will provide what Coinbase calls even faster access to their funds.  These withdrawals are free and incur no fees…. Read More

Competition and Markets Authority to Launch “In-Depth” Investigation into PayPal Acquisition of iZettle

The Competition and Markets Authority (CMA) has decided to launch an in-depth investigation into the acquisition of Sweden based iZettle by PayPal. As CI previously reported, the CMA stated that PayPal could face insufficient competition in the UK after acquiring its market-leading rival iZettle. PayPal… Read More

UK Competition and Markets Authority Questions PayPal Acquisition of iZettle

The UK Competition and Markets Authority (CMA) has issued a statement on the PayPal acquisition of iZettle – an event that was announced in early 2018 and closed in September. PayPal purchased Sweden based iZettle for $2.2 billion as the company seeks to gain access… Read More

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