Paypal

PayPal’s focus will remain on connecting India to the world rather than competing in the domestic payments market, the CEO said.

Global major PayPal integrates with UPI, international payments gets easy for Indians

PayPal World brings together UPI, Venmo, Weixin Pay and Mercado Pago to enable cross-border shopping and money transfers. The platform, which goes this fall, will let Indians use UPI for international payments without cards or other apps

How hackers are using this Microsoft 365 feature to target PayPal accounts

Cybercriminals are reportedly abusing the SRS (Sender Rewrite Scheme) feature within Microsoft 365 to trick PayPal users and gain control over their accounts.

PayPal to allow cryptocurrency buying, holding and selling for US merchants

Cryptocurrency has moved from being a nascent asset class towards greater market acceptance after bitcoin exchange traded funds were approved for listing by the U.S. SEC earlier in the year.

TN signs agreements with Nokia, PayPal, Applied Materials, and a host of IT companies

Tamil Nadu CM MK Stalin is visiting the US to attract investments to the state

PayPal fined $27.3 million by Polish watchdog for ambiguous clauses

UOKiK said that prohibited activities which could incur penalties were described in an unclear way and users may not understand exactly what was not allowed and what action the company could take in such cases.

PayPal hires Walmart exec Srini Venkatesan as chief technology officer in AI push

Venkatesan will oversee technology across the payments giant, including AI and machine learning, information security and product engineering, the company said.

Billionaire Peter Thiel says AI boom will make society favour people with strong verbal skills, not maths skills

Thiel pointed out that the Silicon Valley in the 21st century is “way too biased” towards those with math skills. Thiel added that the reason behind such favouritism is not clear, which is why it “seems deeply unstable” and that’s what he would bet on “getting worse”.

SingleInterface bags $30 million from Asia Partners, PayPal Ventures

The startup was founded in 2015 by Tarun Sobhani and Harish Bahl, the founder of Smile Group

PayPal sees flat profit in 'transition year,' shares fall

On a post-earnings call, newly appointed CEO Alex Chriss laid out a strategic plan to turn the company leaner in its pursuit of driving profitable growth and ease pressure on its shares, which was one of the worst performers on the Nasdaq 100 Index in 2023.

PayPal to cut around 2,500 jobs as rivals snag market share

In a letter to staff on Tuesday, Chriss said the decision was made to “right-size” the company through both direct cuts and the elimination of open roles throughout the year. Affected staff will be notified by the end of the week, according to the letter, which was seen by Bloomberg News.

Zomato said to make takeover offer for closely held Shiprocket

Shiprocket was last valued at about %1.2 billion, data shows. Zomato is backed by investors from Temasek to PayPal

Why RBI brought cross-border payment aggregators under its supervision

The decision will allow the authorities to distinguish legitimate transactions from fraudulent ones

PayPal CTO Sri Shivananda to quit; acting CFO Gabrielle Rabinovitch also set to depart

Like Shivananda, even Rabinovitch's next move was not immediately known. The two join a growing list of top level executives who have been leaving PayPal in the recent past.

PayPal allays growth fears after raising annual profit forecast

PayPal said it expects adjusted profit for the full year to be about $4.98 per share from $4.95 earlier.

India's 'Bits' & 'Atoms': Who is winning the race?

Collectively, Bits of India Inc. seems to have raced ahead of Atoms in terms of sales growth. However, in terms of stock market returns, investors have been disappointed.

PayPal payment aggregator case: Delhi HC seeks finance ministry's response

In July 2023, a single judge of Delhi High Court held that PayPal was liable to be viewed as a payment system operator under PMLA and will have to comply with reporting obligations.

PayPal challenges Delhi HC order declaring it ‘payment systems operator' under PMLA

A ingle judge HC bench had ruled that PayPal was liable to be viewed as a payment system operator under PMLA and had to report suspicious forex transactions

PayPal to halt UK crypto sales until 2024

PayPal will "temporarily pause" the ability for customers to buy crypto on its platform from Oct. 1 as it works to satisfy the new regulations, which come into effect on Oct. 8, it said in an email to customers on Tuesday.

Intuit executive Chriss to become president and CEO of PayPal

PayPal Holdings Inc., which is based in San Jose, California, is the parent of Venmo, Xoom and Honey, among other brands.

PayPal rolls out stablecoin in latest Crypto payments push

There’s roughly $126 billion worth of stablecoins in circulation, according to CoinGecko, the biggest by far being Tether Holdings Ltd.’s USDT.

PayPal's weak margin eclipses upbeat spending outlook

Underwhelming margins at PayPal have been worrying analysts in recent quarters. The company's low-margin business products have grown strongly, while growth in its branded products has slowed due to increased pressure from competitors like Apple.

KKR to buy up to $44 billion of PayPal's buy now, pay later loans in Europe

Even though BNPL remains popular after the pandemic-led surge in its use among millennials and Gen Z customers, the sector's fortunes turned last year as rising interest rates and red-hot inflation dampened the purchasing power of consumers.

Fintech SaaS platform Mintoak raises $20 million led by PayPal Ventures

The startup plans to use the raised capital to ramp up its tech stack and double down on the existing product portfolio.

Payments firm PayPal to lay off 7% of its workforce to cut costs

The move to keep a tight lid on costs comes against the backdrop of decades-high inflation hitting the purchasing power of consumers who also have to contend with the threat of a looming recession.