Tagged: paypal

Russell Innovation Center for Entrepreneurs Receives $1M Grant from PayPal 

The grant will establish a PayPal Retail Academy to support Atlanta-area entrepreneurs. The Russell Innovation Center for Entrepreneurs (RICE) announced a $1 million grant from PayPal Holdings, Inc. (NASDAQ:PYPL) in order to launch the PayPal Retail Academy, which will provide a robust curriculum of innovative… Read More

Is PYUSD a Flop So Far? Nansen Says Few People Using PayPal’s Dollar Based Stablecoin

Earlier this month, PayPal (NASDAQ:PYPL), a top publicly traded Fintech, announced the launch of a dollar-based stablecoin PayPal USD or PYUSD. The stablecoin is being issued in partnership with Paxos, a top, regulated digital asset firm. Stablecoins are one of the most promising sectors of crypto…. Read More

PayPal, Ledger Introduce On-Ramp Integration, Enabling Consumers to Explore Crypto Services

Two of the most “trusted” brands in Web3 and payments integrate in order to help users explore crypto. The teams at PayPal (NASDAQ:PYPL) and Ledger are pleased to announce “an on-ramp integration with PayPal, allowing users to explore crypto in a convenient, simple and secure… Read More

Paypal Hits Pause on Crypto Services in UK, Plans Resumption in 2024 After Complying with New Regulations

PayPal (NASDAQ:PYPL) says it will be halting UK-based crypto sales until next year. Payments firm PayPal recently revealed that it will not be allowing UK clients to purchase cryptocurrencies via its platform from October 2023, as the company works on adhering to new regulatory guidelines for… Read More

PayPal Names New CEO – Alex Chriss

PayPal (NASDAQ:PYPL) has named Alex Chriss as its new Chief Executive Officer following an extended search to replace Dan Schulman. This is according to a report by CNBC. Chriss is currently GM of the Small Business & Self-Employed Group for Intuit which also includes MailChimp…. Read More

Crypto ETFs Race Keeps Expanding with Focus on Futures-based Products: Report

The number of cryptocurrency-focused ETFs aiming to launch has exploded in the past two weeks, the team at NYDIG Research noted. NYDIG Research has looked at the implication of these developments, “plus the strategy one fund took to get ahead.” Fintech giant PayPal has entered… Read More

Digital Asset Firm Yield App Obtains VASP Registration in Italy

The team at Yield App is pleased to announce that they’ve registered as a virtual asset service provider (VASP) with Italy’s Organismo Agenti e Mediatori (OAM). According to the update from Yield App, this marks a huge step in their long-term commitment to compliance with… Read More

PayPal Announces US Dollar Stablecoin, Congressional Leader Says Stablecoins Hold Promise

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

Venmo Small Business Grant Is Accepting Applications to Support Emerging, Small Businesses

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

BNPL: Microsoft Extends Partnership with PayPal to Provide Flexible Payment Options

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

PayPal, KKR Announce Long-Term Cooperation for European Pay Later Receivables

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

Fintech REPAY Introduces PayPal and Venmo to Expand Client Choice

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

PayPal Ventures Leads Series A Round for nocnoc, Facilitator of Cross-Border E-Commerce

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

CFPB Claims Billions of Dollars Not Protected in Some Payment Apps, Names PayPal, Venmo and Cash App

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

Fintech Firm Onbe Adds PayPal, Venmo to Enable Faster Disbursements to Recipients

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

Phoenix Suns, PayPal Extend Partnership Through 2026 NBA Season with a Focus On Community Investment

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

Virtual Payments: Visa Partners PayPal and Venmo to Offer Digital Person-to-Person Transactions

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

Teen Survey: Apple Pay Takes Top Spot, for Peer to Peer Transfers Squares Cash App Ranked 1st

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

PayPal Adds Apple Pay as a Checkout Option

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

PayPal to Reduce Global Workforce by Around 2,000 Full-Time Employees

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

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