Payments News

On The Web

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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, Intuit & Square approved to offer loans to small businesses through coronavirus relief program

“Fintech companies have been lobbying for weeks to be able to participate in the U.S. government’s emergency lending program for small businesses. Now those efforts have paid off, as PayPal, Intuit and Square have all been approved to participate in the U.S. Small Business Administration’s (SBA) Paycheck Protection Program , which provides aid in the form […]

On The Wires

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Companies

PayPal Now Available on Walmart.ca

“PayPal is now available as a new payment option on Walmart.ca as more Canadians shop online for groceries and essentials than ever before, according to new research. Choosing PayPal during checkout means Canadians have the flexibility of paying for their purchase with their bank account, Visa Debit card, or credit card linked to their PayPal account […]
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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 […]
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Companies

PayPal Processed Record $10 Billion in Charitable Donations in 2019

“PayPal Holdings, Inc. (NASDAQ: PYPL ) today announced that it processed a record $10.3 billion in donations to charities around the world in 2019, and more than $1 billion in the month of December alone, as mobile and other digital channels continue to change how donors engage with nonprofit organizations. Twenty-one percent of all donations processed by PayPal in […]
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Companies

PayPal Reports Fourth Quarter and Full Year 2019 Results

“PayPal delivered strong results in 2019, achieving many records including revenue, net income and operating margin performance.  We added 37.3 million net new active accounts, bringing total active accounts to 305 million, up 14% year over year.  In Q4 alone, we processed nearly $200 billion of TPV and engagement grew 10% to 40.6 transactions per active account. […]
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