Payments News

On The Web

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Companies

PayPal Backs Crypto Tax Startup Taxbit

“PayPal Holdings Inc’s venture arm has made an investment in Salt Lake City, Utah-based tech startup Taxbit, which helps consumers and businesses calculate the taxes owed on cryptocurrency holdings, the companies said on Thursday. Taxbit will use the cash injection, of an undisclosed amount, to grow the team and expand the business, said Austin Woodward, […]
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Companies

Paypal Wins Bid to Strike Down CFPB Prepaid Card Regulations

“A federal judge in Washington, D.C., has invalidated part of a U.S. Consumer Financial Protection Bureau rule governing prepaid cards and digital wallets, emphatically agreeing with fintech giant PayPal that the agency overstepped its authority. In a decision studded with exclamation points, U.S. District Judge Richard Leon wrote that the agency’s rulemaking authority under Dodd–Frank […]
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Companies

PayPal CEO Says Digital Currencies Are Set to Go Mainstream

“PayPal Holdings Inc. Chief Executive Officer Dan Schulman said the use of digital currencies is set to go mainstream as more merchants take a “digital first” approach to payments.    “The entire world is going to come into digital first,” Schulman said at the Web Summit conference on Wednesday. Shops are moving to accept payments via smartphones […]

On The Wires

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Companies

Cash a Check with Venmo Now Available For Select Customers

“Venmo has today announced that it is introducing a new Cash a Check feature in the Venmo app for select customers, enabling Venmo’s community to access a quick, easy and secure way to cash paper checks. The new feature will allow select Venmo customers the ability to cash printed, payroll and government checks directly from the Venmo app.”
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Companies

PayPal’s Xoom Adds UPI Payments Enabling NRIs and PIOs to Remit Money to India in Real Time

“Xoom, PayPal’s international digital money transfer service announced its integration with NPIL’s/NPCI’s Unified Payments Interface (UPI), a real-time payment system facilitating inter-bank transactions in India. Non-Residential Indians (NRIs) and Persons of Indian Origin (PIOs) living in the United States (US), Canada and Europe can now remit money to their family and friends in India. Using UPI to send money to India via Xoom is easier […]
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Companies

Xoom, a PayPal service, announces secure money transfers to mobile wallets in 12 countries in Africa

“Xoom, PayPal’s money transfer service, announced that the company’s customers in the US, UK, Canada and Europe can now send secure and convenient money transfers directly to mobile wallets in key markets across Africa with a focus on the underbanked segment. This new service expands the company’s offering to send money to mobile wallets in […]
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Companies

PayPal launches touch-free payments in-store with iZettle’s point of sale app to support UK businesses post-lockdown

“PayPal today launched QR code payments in iZettle’s point of sale app, allowing small businesses across the UK – from retailers to florists and cafes – to accept safe and secure touch-free payments from customers. The roll-out marks the first time UK merchants can accept PayPal QR Code payments in-store via a point of sale […]
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Companies

PayPal Processed More than $185 Million in Donations this GivingTuesday in A Year Unlike Any Other

“PayPal Holdings, Inc. (NASDAQ: PYPL ) today announced that it processed a record-breaking $185 million globally this GivingTuesday, the largest amount raised on the platform for the global day of giving since its inception in 2012. With a 40 percent increase in donations processed over 2019, more than 1.75 million PayPal customers across 198 markets donated to […]
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