Payments News

On The Web

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Companies

PayPal to Buy Online Returns Start-up in Its Latest Run at the Retail Shopping Space

“PayPal is making another acquisition in the e-commerce space as it moves beyond payments and into physical and online retail. The digital payments giant announced a deal to acquire start-up Happy Returns on Thursday for an undisclosed amount. The 120-person Santa Monica-based company lets people return things they bought online, in person…The acquisition will help […]
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Companies

PayPal Wants to Be a Lot More Than an Online Checkout Button

“PayPal Holdings Inc. is eyeing life beyond the checkout button. In the coming months, the firm is planning to debut a bevy of new services, which could include high-yield savings accounts, check-cashing services and stock-investing capabilities. It’s all being done in the hopes of PayPal becoming the world’s next “super app,” akin to China’s Alipay […]
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Companies

PayPal Sees Record Earnings, Volume Amid Sustained E-commerce Surge

“The company saw a record $285 billion in total payments volume, or the value of activity occurring on its platform. Analysts surveyed by FactSet were modeling TPV of $264.7 billion. With the first-quarter performance, PayPal’s TPV on a trailing-12-month basis topped $1 trillion for the first time. The company added 14.5 million net new active […]
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Companies

Paypal CEO Talks Cryptocurrency And The Rise Of Super Apps

“The fintech giant had a record year as the pandemic drove shoppers from stores. Instead, they bought groceries, movies and underwear on their phones and computers. PayPal does business in more than 200 countries and deals in more than 100 currencies. It did a staggering amount of business last year, processing transactions at a rate […]
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Companies

CEO Says PayPal’s Crypto Commerce May Reach $200M Volume in Just Months

“As the price of Bitcoin continues to reach new all-time highs , major corporations with existing crypto offerings in place are beginning to discuss grand plans for the future.  Most recently, Dan Schulman, CEO of PayPal, hinted at future developments for PayPal’s crypto offering during Forbes’ “ 2021 Blockchain 50 Symposium: Crypto Goes Corporate ,” […]
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Companies

PayPal Rolls Out New Fraud Management Tools for Merchants | ZDNet

“PayPal is launching a new suite of fraud management features for mid-market and enterprise businesses that aims to help combat the rise in online payments fraud brought on by the pandemic… According to PayPal, its new Fraud Protection Advanced service uses device fingerprinting, machine learning and analytics to help businesses identify, investigate, resolve and mitigate […]
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Companies

PayPal Is Building a ‘Super App.’ Should Banks Be Worried?

“For years, bankers agonized over the day when Big Tech firms would finally set their sights squarely on financial services. Mainly they worried about four companies: Amazon, Apple, Facebook and Google. Meanwhile, a fifth tech powerhouse, somewhat smaller but growing fast, was adding products traditionally offered by retail banks. This company built a huge customer […]

On The Wires

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Companies

PayPal Accelerates Its Digital Transformation With Google Cloud to Support Customer Needs During Pandemic–and Beyond

“Google Cloud and PayPal today announced they are deepening their relationship to further accelerate PayPal’s digital transformation and evolving customer needs. Under this expanded relationship, Google Cloud will provide both infrastructure and analytics capabilities to support PayPal’s growth, helping the company process transactional data at massive scale.”