Tagged: paypal

PayPal Expands Crypto Buy, Sell, Hold Service to Luxembourg

Luxembourg is a country known for its “strong” focus on innovation and is one of the world’s “leading” financial centers, and PayPal (NASDAQ:PYPL) is pleased to announce that they will be “expanding PayPal’s cryptocurrency services to eligible Luxembourgish customers in the coming days.” The introduction… Read More

Apple Pay Booms, Grows by 63%

Apple Pay, the Fintech service offered by the eponymous tech firm Apple (NASDAQ:AAPL), is growing at a rapid pace, according to a report compiled by Salesforce. Asking the question of which payment type saw the fastest adoption in 2022, Apple Pay delivered a whopping 63%… Read More

A Tale of Two Fintechs: PayPal Drops as Block Pops

PayPal (NASDAQ:PYPL) shares sank today after Q3 earnings failed to convince investors that all is good with the payments provider. PayPal apparently reported OK Q3 numbers, but the guidance worried shareholders. On the other hand, Block, formerly known as Square (NYSE:SQ), moved higher in after-hours… Read More

PayPal Brings Back $2500 Penalty for Violations of Acceptable Use Policy

After claiming it was a mistake, PayPal (NASDAQ:PYPL) has re-animated its $2500 penalty for each violation of its Acceptable Use Policy. Once again, Twitter users slammed the overreach of the financial services firm. PayPal added the $2500 fine for misinformation back to their terms, after… Read More

PayPal Rewards Program to Help Clients Save Money in Time for Holiday Season

PayPal Holdings, Inc. (NASDAQ: PYPL) announced the introduction of PayPal Rewards, a new unified rewards program that gives customers “an easy way to shop, earn, track, save, and redeem rewards and offers all in one place – their PayPal app.” PayPal Rewards “connects PayPal’s merchant… 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

Authoritarian PayPal? Outrage on Twitter As PayPal Tells Users it Can Take $2500 Per Violation of Acceptable Use Policy

PayPal’s (NASDAQ:PYPL) forthcoming Acceptable Use Policy is garnering outrage on Twitter as users must agree to monetary penalties for crossing the PayPal moral guidance line. A new Acceptable Use Policy, to take effect on November 3, 2022, states: “You are independently responsible for complying with all… Read More

CFPB on BNPL: Uneven Disclosures and Protection for Consumers

The Consumer Financial Protection Bureau (CFPB) has published a report on the buy now – pay later (BNPL) industry, criticizing the sector of Fintech as having “uneven disclosure and protections” for borrowers. The CFPB noted that BNPL rocketed higher by almost 10X the amount in… 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, Intuit, Join Financial Technology Association

PayPal (NASDAQ:PYPL) and Intuit (NASDAQ:INTU) are the newest members of the Financial Technology Association (FTA) according to a statement by the group. The two big tech firms join a growing roster of Fintechs aiming to have their voices heard inside the beltway. Names like Block,… Read More

State Farm Gives Clients Option to Receive Claim Payouts into PayPal Accounts

State Farm, the largest insurer of vehicles and homes in the US, announced the expansion of its Digital Pay solution to “include claim payouts delivered instantly into a customer’s PayPal account.” Through Digital Pay, claims can “be reviewed, approved, and paid digitally.” Customers can “choose… Read More

PayPal Expands BNPL Offering as Apple Pay Later Challenges Incumbents

PayPal (NASDAQ:PYPL) announced today a new buy now – pay later (BNPL) offering “PayPal Monthly.” The expanded credit offering arrives just after Apple (NASDAQ:AAPL) announced Apple Pay Later, a BNPL that allows users to easily pay for a purchase with 4 payments during a 6… Read More

PayPal Prodded the EU to Go After Apple Pay: Report

PayPal (NASDAQ:PYPL) is at least one of the firms that called up the European Commission to complain about Apple (NASDAQ:AAPL) and its Apple Pay offering pushing the competition ministry to pursue possible anti-trust violations, according to a report in Bloomberg. This is not the first… 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

BNPL: Buy Now Pay Later Expected to “Disrupt” Consumer Payments in Australia, Report Reveals

Buy Now, Pay Later (BNPL) is gaining prominence and emerging “as an alternative credit tool for consumers in Australia, with tech-savvy millennials especially using the service,” according to a report from GlobalData, a data and analytics firm. BNPL offers clients with the flexibility or option… Read More

Piper Sandler Gen Z Survey Reports Apple Pay as Top Payment App Beating Venmo

Piper Sandler (NYSE: PIPR) has published its 43rd semi-annual Taking Stock With Teens survey which reviews trends and brand preferences from Gen Z (teens) across 44 U.S. states. The spring 2022 survey was conducted from February 16 to March 22 with the most responses from… Read More

PayPal to Offer Cashback Credit Card to Make Checkout with PayPal More Appealing

PayPal (NASDAQ: PYPL) has announced the introduction of the new PayPal Cashback credit card, “issued by Synchrony, which gives customers even more cash back when they shop with PayPal.” With the new card, customers earn “unlimited 3% cash back when paying with PayPal at checkout… 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

Digital Banking Platform N26 Says it Will be IPO Ready by End of Year

Germany’s banking challenger N26 should be ready for an initial public offering (IPO) by the end of this year, according to co-CEO Maximilian Tayenthal, Maximilian told CNBC that by the end of 2022, N26 should be “structurally IPO-ready,” During an interview with the media outlet… Read More

UK’s MarketFinance Says that Embedded Lending Could Become More Widely Adopted

Much has been made of embedded lending during the past couple years. With the COVID-19 crisis shuttering businesses and forcing a major shift to online and all-digital services, you could say that this was inevitable. Now, large Fintechs like Klarna, Stripe and PayPal have shown… Read More

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