Tagged: paypal

August 7, 2023 @ 9:55 am By JD Alois  |  

PayPal (NASDAQ:PYPL), a top publicly traded Fintech, has announced the launch of a dollar-based stablecoin. According to a company statement, PayPal USD or PYUSD is a fully backed digital asset that holds cash, short-term US Treasuries, and similar assets issued in partnership with Paxos, a… Read More

July 30, 2023 @ 2:10 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced the second Venmo Small Business Grant, a program for small and emerging businesses “providing financial grants and mentorship for 20 Venmo business profile customers.” The selected businesses will each “receive $10,000 for expenses, such as rent, or to help… Read More

July 27, 2023 @ 8:30 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) and Microsoft Corp. (Nasdaq: MSFT), recently announced Microsoft’s integration of PayPal’s Pay Later solution in the U.S., U.K., Australia, Germany, France, Spain, and Italy. In addition, customers in the U.S. will soon “have the option to pay with Venmo in… Read More

June 23, 2023 @ 7:35 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) and KKR, a global investment firm, announced the signing of an exclusive multi-year agreement “for a €3 billion replenishing loan commitment under which private credit funds and accounts managed by KKR will purchase up to €40 billion of buy now,… Read More

June 16, 2023 @ 7:21 pm By Omar Faridi  |  

Repay Holdings Corporation (NASDAQ: RPAY), a provider of vertically-integrated payment solutions, is adding PayPal and Venmo to its suite of payment solutions, making them available to clients across REPAY’s verticals, including personal finance, auto finance, credit unions and mortgage. As noted in the update: “Our… Read More

June 11, 2023 @ 6:38 pm By Omar Faridi  |  

nocnoc, the facilitator of cross-border eCommerce between global sellers and Latin America, today announced that it has secured $14 million in Series A funding, “led by PayPal Ventures with participation from Mouro Capital, Quona Capital, Caravela Capital, Broadhaven and Ignia.” The funding from the investment… Read More

June 1, 2023 @ 1:07 pm By JD Alois  |  

The Consumer Financial Protection Bureau (CFPB) has issued a statement that “billions” of dollars held on payment Apps may not possess federal insurance. The CFPB said these funds may not be safe during times of “financial stress,” alluding to the recent banking crisis. Rohit Chopra,… Read More

May 31, 2023 @ 7:06 pm By Omar Faridi  |  

Onbe, a business to consumer disbursements financial technology company, announces the addition of PayPal and Venmo functionalities to its product offerings. With PayPal and Venmo, Onbe’s clients now “have more options to provide fast, seamless and secure digital choices to their recipients within Onbe’s existing product… Read More

April 16, 2023 @ 3:37 pm By Omar Faridi  |  

The Phoenix Suns and PayPal (NASDAQ: PYPL) announced that they have extended their partnership through the 2026 NBA season. PayPal will “continue as the Suns’ jersey sponsor and, as part of the enhanced multi-year deal, the organizations will now increase their focus on supporting small… Read More

April 13, 2023 @ 4:01 pm By Omar Faridi  |  

Visa (NYSE: V) announced it is partnering with PayPal and Venmo in order to pilot Visa+, an innovative service that aims to help individuals move money quickly and securely between different person-to-person (P2P) digital payment apps. Later this year, Venmo and PayPal users in the… Read More

April 5, 2023 @ 9:47 am By JD Alois  |  

Investment bank Piper Sandler (NYSE: PIPR) has posted its 45th semi-annual report on Teen preferences, which can help glean which products and services are rising and which are on the wane. At the same time, teens can be fickle, as parents will explain. The Taking… Read More

April 4, 2023 @ 12:34 pm By JD Alois  |  

PayPal (NASDAQ: PYPL) has added Apple Pay (NASDAQ:AAPL)  as a payment option for its busines users, according to a corporate statement. PayPal said that beggining today small businesse will accept payments with Apple Pay, allow customers to save payment methods with the PayPal vault and… Read More

February 2, 2023 @ 10:16 am By Omar Faridi  |  

The following message was shared with PayPal (NASDAQ: PYPL) employees recently by President and CEO Dan Schulman. Dan noted that over the past year, PayPal made significant progress in “strengthening and reshaping their company to address the challenging macro-economic environment while continuing to invest to… Read More

January 17, 2023 @ 11:17 pm By Omar Faridi  |  

Xoom, PayPal’s (NASDAQ: PYPL) international money transfer service, announced that it has launched a new cross-border money transfer product, Debit Card Deposit, “enabling Xoom customers in the U.S. to send money directly to their friends & family’s eligible Visa debit cards in 25 countries.” Launched… Read More

January 3, 2023 @ 10:31 pm By Omar Faridi  |  

PayPal Holdings, Inc. (NASDAQ: PYPL) announced it has granted equity awards on December 15, 2022, under its 2022 Inducement Equity Incentive Plan to new employees who joined PayPal. The grants were previously “approved by the Compensation Committee of the Board of Directors of PayPal Holdings, Inc.”… Read More

December 18, 2022 @ 5:49 pm By Omar Faridi  |  

ConsenSys, a Web3 company, announced that U.S. MetaMask users will be able to purchase crypto (ETH) from “within the app” using PayPal. MetaMask will reportedly “be the first Web3 wallet to leverage PayPal to drive more successful on-ramp transactions.” Initially available to select PayPal users… Read More

December 9, 2022 @ 8:11 am By Omar Faridi  |  

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

November 30, 2022 @ 9:05 am By JD Alois  |  

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

November 3, 2022 @ 6:13 pm By JD Alois  |  

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

October 27, 2022 @ 12:52 pm By JD Alois  |  

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