Payments News

On The Web

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Companies

PayPal Explores Launch of Own Stablecoin in Crypto Push

“PayPal Holdings Inc. is exploring the launch of its own stablecoin as part of its cryptocurrency push, according to the company, which confirmed the development after evidence of the move was discovered inside its iPhone app…Evidence of the company’s exploration into building a stablecoin was first discovered in PayPal’s app by developer Steve Moser and […]
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Companies

PayPal Misled Investors About Student Credit Product, Suit Says

“PayPal Holdings Inc.’s directors and top executives misled investors about compliance problems that sparked a CFPB probe into the company’s marketing of credit products to students and other consumers, a new shareholder suit says. The leaders of the San Jose, Calif.-based company “failed to disclose compliance issues” with its PayPal Credit product in SEC filings […]
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Companies

PayPal Coming to Bangladesh Soon

“After much speculation and several false starts, popular online payment system PayPal is said to be launched in Bangladesh by December, at the end of this year. Salman F Rahman, private industry and investment adviser to the prime minister, mentioned this to reporters during his visit to a Walton factory at Chandra in Gazipur on […]
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Companies

PayPal Is Exploring a Purchase of Pinterest

“PayPal Holdings Inc. is exploring an acquisition of social media company Pinterest Inc. , people with knowledge of the matter said.  San Jose, California-based PayPal has recently approached Pinterest about a potential deal, the people said, asking not to be identified because the talks are private. The companies have discussed a potential price of around […]
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Companies

PayPal Raises Fees Between UK and Europe

“PayPal is introducing new fees for payments between businesses in the UK and those in Europe, from November. British businesses will be charged a 1.29% fee for payments from the European Economic Area and vice versa. Most currently pay about 0.5% in similar charges, which have remained unchanged since before the UK left the EU […]
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Companies

PayPal Is Exploring a Stock-trading Platform for Its U.S. Customers

“PayPal is exploring a possible stock-trading platform. After rolling out the ability to trade cryptocurrencies last year, the payments giant has been exploring ways to let users trade individual stocks, according to two sources familiar with the plans, and public details around a new executive hire.”

On The Wires

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Companies

PayPal and Mastercard Continues Expansion of Popular Debit Card Offering Across Europe

“PayPal (Nasdaq: PYPL) and Mastercard (NYSE: MA) announced that they are continuing the global expansion of the popular PayPal Business Debit Mastercard in four new European countries – Belgium, Finland, the Netherlands, and Portugal. This is in addition to Austria, France, Germany, Ireland, Italy, Spain, the United Kingdom and United States where the PayPal Business […]