Tagged: paypal

PayPal Expands Partnership With Synchrony to Launch Venmo’s First-Ever Credit Card

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

Abandoning Ship: eBay, Visa, Mastercard and Stripe Exit Facebook’s Libra Association [u]

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

Blockchain-Based B2B Payments Platform Paystand Appoints Fintech Veterans From Fiserv, PayPal, & Visa to Fintech Advisory Council

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

PayPal Receives Approval to Provide Online Payment Services in China

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

PayPal Exits Facebook’s Controversial Stablecoin Project Libra

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

Report: Prominent Libra Association Members Now Hesitant About Officially Endorsing Facebook’s Currency Project

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

KBC Announces Integration With PayPal For Mobile Banking

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

Global Fintech Market is Projected to Grow to Nearly $310 Billion at a CAGR Of 24.8% By 2022

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

AUSTRAC: PayPal Is Being Audited for Money Laundering, Counter-Terrorism Laws By Australian Authorities

AUSTRAC, Australia’s financial intelligence agency, ordered an audit on September 24 of international money transfers made by online payment service provider PayPal according to a release. Australia’s authorities suspect that the transactions facilitated by PayPal might be associated with serious crimes such as child exploitation. … Read More

PayPal Extends Worldline Contract to Facilitate Mobile Payments in Latin America

Worldline (Euronext: WLN), a European payment and transaction services provider, announced on Monday that it and payments platform giant PayPal have extended their contract in order to facilitate mobile payments in Latin America.  Under the terms of the agreement, which was extended for an additional… Read More

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

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