Tagged: paypal

PayPal Announces Partnership With Walmart to Roll Out Cash in & Cash Out Money Services at Stores

On Thursday, PayPal announced it has formed a new partnership retailer giant Walmart to begin rolling out PayPal cash in and cash out money services at Walmart for an exclusive fee of $3 per service. According to PayPal, this is the first time PayPal mobile… Read More

PayPal Launches FundNow to Give Select Small Businesses Access to Competed Sales Within Seconds

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PayPal announced on Tuesday the launch of its new feature, Fund Now, which gives select small businesses access to their completed sales within seconds by eliminating holds, delays, and reserves so they can spend their funds immediately. According to the transfer payments giant, Funds Now… Read More

PayPal Milestone: Payment Platform Surpasses 250 Million Active Accounts

PayPal announced earlier this week it recently surpassed 250 million in the total number of active accounts on its global payments platform. The payments giant reported that this is a very important milestone for its company, and a key marker on its journey to fulfill its… Read More

Lively Debate: Former PayPal CEO Calls Bitcoin a “Cult,” Identifies Zero Non-Criminal Use Cases

The Cult of Bitcoin

Smiling former PayPal CEO Bill Harris returned to the CNBC talkshow Fast Money in August to slam Bitcoin use cases, characterize the network and its proponents as “a cult” and predict the eventual devaluation of Bitcoin to “close to zero.” But the veteran payments businessperson… Read More

PayPal Be Gone: Stealth Bank Transferwise Adds US Bank Details to Borderless Accounts

Transferwise, a stealth bank in the making, has added US Bank information to its platform thus mirroring what is already available for their European, UK and Australian users. If you are interested, creation of a borderless account for existing users takes less than a minute…. Read More

Financial Innovation Now, the Group that Represents Amazon, Apple, Google & More, Welcomes OCCs Decision to Move Forward with Fintech Charter

Financial Innovation Now (FIN), the group that represents big techs interest in Fintech, has issued a comment on the decision by the Office of the Comptroller of the Currency (OCC) to move forward with a Fintech Charter following the release of a report on Fintech by… Read More

By Default: Venmo Payment App Publishing Intimate User Data Online

A German designer and coder has revealed that payment app (and PayPal subsidiary) Venmo has been publishing the intimate purchase details, profile pics and personal messages of users online- everything from lovers’ quarrel texts to drug deal texts to junk food purchases and purchase locations-… Read More

Cross-Border E-Payment Specialist PPRO Group Secures $50 Million Through Investment Round Led By PayPal With Participation from Citi Ventures

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PPRO Group, a UK-based cross-border e-payment specialist, announced on Monday it secured $50 million through its latest investment round, which was led by PayPal with participation from Citi Ventures and return investor HPE Growth Capital. Founded in 2006, PPRO, which is an FCA authorized e-money institution, enables businesses to accept… Read More

PayPal Completes Consumer Credit Receivables Transaction With Synchrony

Global payments platform PayPal (NASDAQ: PYPL) announced on Tuesday the closing of its consumer credit receivables transaction with Synchrony (NYSE: SYF). PayPal reported that under the terms of the transaction, and related transactions with unaffiliated third parties, Synchrony acquired $7.6 billion in receivables, including PayPal’s… Read More

PayPal’s P2P Payments App Venmo Debuts Debit Card

PayPal’s P2P payments app Venmo announced on Monday the launch of its Venmo debit card. According to Venmo the new debit card will allow users to spend their Venmo balance in more places because the card can be used everywhere Mastercard is accepted in the U.S…. Read More

PayPal Acquires Global Payout Platform Hyperwallet

Online payments giant PayPal announced on Tuesday it has acquired global payout platform Hyperwallet for $400 million. The latest acquisition reportedly enhances PayPal’s capabilities, which will improve the company’s ability to provide an integrated suite of payment solutions to e-commerce platforms and marketplaces around the… Read More

PayPal & Temasek Acquires Minority Take in India Digital Retail Payments Platform Pine Labs

Money Benjamin Dollars 100

Pine Labs, an India-based digital payments platform, announced on Thursday Temasek, a global investment company headquartered in Singapore, and PayPal Holdings Inc., have acquired minority stakes in the company for a combined $125 million. The latest investment comes just a couple of months after Pine Labs secured $82… Read More

Paypal CFO Talks Venmo Mobile App and Says Paypal Will Transmit Crypto “If it Stabilizes”

After a fairly flat quarter of stock performance in Q1 2018, PayPal CFO John Rainey sat down with CNBC “Mad Money” host Jim Cramer last week to discuss growth of the company, plans for its mobile payment app Venmo and the possibility of enabling crypto… Read More

PayPal to Acquire Swedish Fintech iZettle

On Friday, CEO and Co-founder of iZettle, Jacob de Geer announced he and his team have reached an agreement with PayPal to acquire the Swedish fintech. The acquisition agreement comes less than two weeks after the company announced its plan to proceed with an initial public… Read More

Cash Back Mobile App Dosh Secured $44 Million Through Series A Funding Round Led By Goodwater Capital & PayPal

Money Benjamin Dollars 100

Dosh, an app that gives consumers cash back every time they shop at participating merchants, announced on Thursday it has completed a $44 million Series A financing round to accelerate product innovation and technical capabilities. Goodwater Capital, PayPal, and institutional investors participated in the funding round. Founded… Read More

PayPal’s Latest Disruption: Inspired by Brick & Mortars?

While some fintechers have announced that brick and mortar banks are dead, others are emulating key features of traditional banks. Fintech behemoth PayPal is reportedly rolling out its new innovations that harken back to mainstream brick and mortar banks. According to wsj.com, PayPal has been… Read More

China: WeiyangX Fintech Review

China is Setting Up a National Online Contract Filing Platform On March 21st, the National Committee of experts on Internet Financial Security Technology (hereinafter referred to as the “Special Committee”) announced that it has jointly set up the national online contract filing platform with SIC… Read More

eBay Names Dutch Fintech Adyen New Primary Payments Processor

On Thursday, online marketplace eBay announced it has signed an agreement with Dutch fintech Adyen to become its primary payments processing partner. The company revealed it intends to further improve its customer experience by intermediating payments on its Marketplace platform.  By doing this, it will… Read More

PayPal CIO Bradley Strock Joins Elevate’s Board of Directors

Elevate Credit, Inc., a tech-enabled provider of innovative and responsible online credit solutions for non-prime consumers, announced on Thursday that PayPal CIO Bradley Strock has joined its Board of Directors. This news comes just days after the company announced it appointed former PayPal and loanDepot executive… Read More

European Fintech Raisin is Backed by PayPal with Strategic Investment

Raisin, a unique financial marketplace that empowers savers to access the best interest rates across Europe, has received a strategic investment from global payments platform PayPal (NASDAQ:PYPL). This is an interesting development for Berlin based Raisin and a further validation of their disruptive service. Raisin… Read More

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