Payments News

On The Web

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Companies

PayPal’s Venmo Isn’t Enough to Drive Payment Volume Growth

“PayPal Holdings Inc. released first quarter results that showed rising sales and profit but a decline in payment volume growth, a closely watched measure of the company’s popularity among customers.    The San Jose, California-based met analysts’ expectations for revenue and exceeded them for per-share earnings last quarter. On a conference call after the report, […]
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Companies

PayPal CEO Grapples With Fringe Groups

“Under Chief Executive Dan Schulman, PayPal has taken stances on social issues that have earned it a fair share of political enemies. After the company canceled plans to open an operations center in North Carolina in 2016 following the passage of a state law that halted antidiscrimination protections for lesbian, gay and transgender people, Mr. Schulman said […]
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Companies

The Next Era of Digital Commerce: The PayPal Commerce Platform

“We are at a moment in time where we can finally put the same tech and capabilities in the hands of all businesses regardless of size. We are bringing our vision of open commerce and partnership to life with the PayPal Commerce Platform – to power commerce in a way that allows more businesses and more […]
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Companies

Businesses Can Now Accept PayPal Through Google Pay in 24 Countries

“To this end, Google notes that Google Pay users can automatically choose their PayPal account at checkout so long as the merchant has added PayPal to their Google Pay integration. For buyers, this confers the benefits of fewer steps and PayPal’s Purchase Protection and Return Shipping coverage. As for merchants, they’ll continue to get PayPal […]
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Companies

PayPal and Venmo to Move Into In-store Payments ‘next year’

“PayPal is to begin a major new push into in-store payments next year, under both the PayPal and Venmo brands and using both NFC and QR codes, CEO Dan Schulman has told Axios . PAYPAL CEO: Dan Schulman Axios asked Schulman if it is important for PayPal to have a place in the physical retail store. […]
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Companies

PayPal Reports Strong 3Q Earnings on Surge in Venmo, New Members

“The company reported a surge in net new active accounts, rising 16% or 9.8 million to 295 million accounts.  The company saw a strong increase in business from Venmo, which rose 64% to process more than $27 billion in total payment volume during the quarter. Meanwhile P2P volume grew 39% to $51 billion during the […]
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Companies

PayPal pulls out of Libra

“PayPal Holdings Inc. pulled out of the Libra Association, a blow to Facebook Inc. ’s efforts to develop a digital currency.    “PayPal has made the decision to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to […]

On The Wires

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Companies

PayPal and Mastercard Extend Instant Transfer to Singapore & Europe

“Following the success of its Instant Transfer feature in the U.S., PayPal and Mastercard recently extended the service to Mastercard cardholders in Singapore and a number of European countries. Mastercard Send™ is an application that leverages the card network infrastructure to facilitate the secure availability of funds in real-time*. With Mastercard Send™, PayPal users can […]