Tagged: paypal

Google Pay and India’s Digital Payments App PhonePe were Most Frequently Downloaded Fintech Apps in February 2020

Google Pay was reportedly the most downloaded Fintech app (globally) during the month of February 2020 with 15.6 million downloads. It was closely followed by Indian digital payments firm PhonePe’s app which was downloaded 6 million times. For Google Pay, this is notably more than… Read More

Fintech Firms Intuit and PayPal Approved by SBA to Distribute Funds as Part of US Emergency Lending Program, Following Coronavirus Outbreak

Fintech firms Intuit and PayPal have been approved by the Small Business Administration (SBA) to distribute funds, which are part of the US organization’s emergency lending and relief program. The funds are being given to businesses in order to help them sustain their operations, following… Read More

COVID-19 Response: Square and Venmo’s Parent PayPal are Talking to US Government About Using their Apps to Deliver Stimulus Payments to Americans

Payments company Square (NYSE:SQ) and Venmo’s parent firm PayPal (NASDAQ:PYPL) are reportedly holding discussions with the US government about potentially using their applications to provide much-needed stimulus payments to American citizens, following the global Coronavirus (COVID-19) outbreak. The new service being proposed by Square and… Read More

UK-Based Online Payment Solution Ecommpay Announces Integration With PayPal Commerce Platform

ECOMMPAY, a UK-based online payment solution, announced on Monday it has integrated with PayPal’s new commerce platform. According to ECOMMPAY, the platform is designed to work with other tech platforms, payment networks, banks, and merchants to make payments “easy, reduce friction, and create hassle-free experiences”… Read More

Google Cloud Announces New Multi-Year Contract With PayPal & Opens New Salt Lake City Cloud Region

Google Cloud announced on Thursday it has opened a new cloud region based in Salt Lake City. Google Cloud revealed that the new region is its 22nd globally and claims it will provide fast and reliable cloud services to customers across the western U.S. While… Read More

FIS Announces Extension of PayPal Partnership to Enable U.S. Cardholers to Redeem Loyalty Points for Purchases

FIS (NYSE: FIS), a financial services technology firm, announced on Thursday it is extending its partnership with payments platform giant PayPal to enable millions of cardholders of U.S. financial institutions to participate in PayPal’s Pay with Rewards. FIS reported beginning in the third quarter of… Read More

Big Tech Lobbying Firm, Financial Innovation Now, Releases Survey on Payment Apps, a “Vital Part of Everyday Life”

Financial Innovation Now (FIN) represents some of the biggest names in tech when it comes to Fintech. These firms include Apple, Amazon, Google, PayPal, Square, and Intuit. Each of these big tech firms have a strong foothold in providing financial services and many observers expect… Read More

UnionPay Teams Up With PayPal to Accelerate Digital Payments Growth

UnionPay International (UPI) announced on Thursday it has teamed up with PayPal (NASDAQ: PYPL) to accelerate the growth of their networks. According to UPI, PayPal has committed to supporting UPI acceptance globally where PayPal is accepted. Speaking about the partnership’s benefits, Jim Magats, Senior Vice… Read More

PayPal Announces Honey Acquisition Completion

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PayPal announced on Monday it has officially completed its acquisition of Honey Science Corporation (Honey), which is a tech platform for shopping and rewards. As previously reported, Honey is widely known as a useful discovery tool that assists users in finding savings and good deals… Read More

PayPal Completes Acquisition of Payment Gateway GoPay

Payments platform giant PayPal (NASDAQ: PYPL) announced on Friday it has completed its acquisition of a 70% equity interest in Guofubao Information Technology Co., Ltd. (GoPay). The acquisition notably follows the approval of the transaction by the People’s Bank of China, which took place on September… Read More

Citi Announces Expansion of Partnership with PayPal for Institutional Payments

Citi (NYSE: C) and PayPal (NASDAQ: PYPL) announced on Monday they have expanded their partnership to enable Citi’s institutional clients to make payments into customers’ PayPal digital wallets. According to the duo, the extended partnership brings together Citi’s large global network and client base of… Read More

PayPal Surpasses $100 Million in Donations During GivingTuesday 2019

Payments platform giant PayPal (NASDAQ: PYPL) recently announced it surpasses $100 million during GivingTuesday 2019. According to PayPal, GivingTuesday is a global giving movement empowering people and organizations to transform their communities and create the world they want to live in. “In a world that… Read More

PayPal & Mastercard Announces Expansion of Instant Transfer to Singapore & Europe

PayPal and Mastercard recently announced the expansion of instant transfer service, Mastercard Send, to Mastercard cardholders in Singapore and a number of European countries. The duo claims that the service has been successful in the U.S. According to PayPal and Mastercard, Mastercard Send is described… Read More

PayPal has Agreed to Acquire Shopping and Rewards Platform Honey Science Corporation for $4 Billion

Holdings, Inc. (NASDAQ: PYPL) revealed on November 20 that it has decided to  acquire Honey Science Corporation, a fast-growing tech platform for shopping and rewards, for around $4 billion. Honey, along with PayPal’s two-sided network, will focus on improving the shopping experience for PayPal’s customers,… Read More

PayPal Stops Supporting Pornhub. Is This Crypto’s Seminal Moment?

Popular free pornography site PornHub has announced in a blog post that payments giant PayPal has stopped servicing payments to over 100 000 porn performers who sell extras through the site. According to PornHub: “We are all devastated by PayPal’s decision to stop payouts to… Read More

PayPal’s Xoom Announces Rollout of Domestic Money Transfer Service in the U.S.

Xoom, PayPal’s international money transfer service, announced on Tuesday it has rolled out its domestic money transfer service in the U.S. Xoom reported that through its collaboration with Walmart and Ria, U.S. citizens may now use its services to send money for cash pick-up typically… Read More

PayPal Tops Earnings, Announces First Online Payment Service in China, Shares Rise After Hours

Global Payments platform PayPal (NASDAQ:PYPL) beat on earnings today and shares in the company responded after hours jumping by over 8%. Revenue for Q3 increased by 19% to $4.38 billion as users increased by 7% during the quarter adding 9.8 million users. In total, PayPal… Read More

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

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