pymnts Profile:
Paypal (NASDAQ: PYPT)
PayPal is a leading technology platform company that enables digital and mobile payments on behalf of consumers and merchants worldwide. We put our customers at the center of everything we do. We strive to increase our relevance for consumers, merchants, friends and family to access and move their money anywhere in the world, anytime, on any platform and through any device.
Santander Appoints PayPal Veteran to Head Digital Consumer Bank
December 11, 2024
Banco Santander has appointed PayPal veteran Nitin Prabhu as its global head of Digital Consumer Bank (DCB). In this role as head of one of the bank’s five global businesses, Prabhu will be responsible ...Read moreBlockchain Regulation Drives Business Utility While Stablecoins Surge This Week in Web3
November 27, 2024
Crypto’s reputation is undergoing a makeover as the sector matures. Driven by regulatory clarity, technological innovation, and a shift toward solving real-world problems — particularly in payments and financial services ...Read moreShoppers Embrace AI Tools in Search for Black Friday Bargains
November 27, 2024
Shoppers are reportedly embracing artificial intelligence (AI) and other digital tools as they search for Black Friday bargains. OpenAI’s ChatGPT, PayPal’s Honey app, Perplexity AI’s search and shopping features, and Weever.AI’s product recommendations site are among the resources ...Read moreMollie and PayPal Partner on Payment Solutions for Marketplace Platforms
November 26, 2024
Mollie and PayPal have teamed up to deliver payment solutions for marketplace platforms in the European Union (EU) and the United Kingdom. With their new strategic collaboration, Mollie will include PayPal as ...Read morePrivate Sector Will Pave Path for X-Border Payments Transformation
November 26, 2024
The Treasury Department is pushing for frameworks and international standards for cross-border transactions — because if those foundations are not in place, risks abound. And, with those frameworks in place, it ...Read moreFinal CFPB Rule Expands Oversight of Big Tech’s Payments Ambitions
November 21, 2024
The payment ambitions of the largest, marquee names in technology now will come under greater scrutiny at the federal level. A finalized rule from the Consumer Financial Protection Bureau (CFPB), which ...Read morePayPal Resolves 2-Hour Global Outage Affecting Multiple Products
November 21, 2024
PayPal experienced a global outage that affected multiple products for about two hours Thursday (Nov. 21). The incident lasted from 10:53 UTC to 12:59 UTC Thursday, the company said on its ...Read moreThis Week in Web3: Understanding Blockchain Solutions for Business Challenges
November 20, 2024
At its core, blockchain is a distributed ledger technology (DLT) that records transactions across multiple computers in a secure, immutable and transparent manner. Unlike traditional databases, where data is stored in ...Read morePayPal’s Xoom Begins Settling Cross-Border Payments with Stablecoin
November 19, 2024
PayPal will begin letting its disbursement partners use PayPal USD to settle cross-border money transfers. The new service will be offered through PayPal’s Xoom cross-border payments business, according to a Tuesday ...Read moreEmbedded Lending Platforms Jump as Merchants Seek Working Capital
November 14, 2024
The payment and commerce platforms PayPal, Shopify and Block have long been developing ecosystems for merchants. For the small to mid-sized businesses, signing on to some services (such as payments ...Read more
What Was Crypto’s Biggest 2024 Story? Hint: It Wasn’t Named Elon
December 23, 2024
For once in its recent history, the cryptocurrency sector is likely ending the year on a high. Bitcoin, despite dropping below the $100,000 mark as of reporting, is up over 110% ...Read more61% of Zillennials Prioritize Convenience, Driving Digital Wallet Adoption
December 23, 2024
Zillennials, born between 1991 and 1999, are reshaping payment trends as their spending power increases. They are embracing digital wallets, moving away from cash, and being cautious with credit cards. ...Read moreMollie and PayPal Partner on Payment Solutions for Marketplace Platforms
November 26, 2024Mollie and PayPal have teamed up to deliver payment solutions for marketplace platforms in the European Union (EU) and the United Kingdom. With their new strategic collaboration, Mollie will include PayPal as ...Read morePrivate Sector Will Pave Path for X-Border Payments Transformation
November 26, 2024The Treasury Department is pushing for frameworks and international standards for cross-border transactions — because if those foundations are not in place, risks abound. And, with those frameworks in place, it ...Read moreFinal CFPB Rule Expands Oversight of Big Tech’s Payments Ambitions
November 21, 2024The payment ambitions of the largest, marquee names in technology now will come under greater scrutiny at the federal level. A finalized rule from the Consumer Financial Protection Bureau (CFPB), which ...Read morePayPal Begins Rollout of ‘Pool Money’ Feature for Shared Expenses
November 14, 2024
PayPal has begun rolling out a feature that makes it easier for its customers and their friends and family to pool money for shared expenses. The new Pool Money feature is ...Read moreLayerZero Enables PayPal USD Stablecoin Transfers Between Ethereum and Solana
November 13, 2024
The PayPal USD (PYUSD) stablecoin now uses LayerZero’s Omnichain Fungible Token (OFT) Standard to enable transfers between the blockchain networks Ethereum and Solana. This integration enables fast, secure and cost-effective transactions for both users and businesses, the ...Read moreOne-Third of SMBs Still Don’t Get a Choice in How They’re Paid
November 12, 2024
You pays your money, you makes your choice. That old idiom does not apply to many small- to medium-sized businesses (SMBs), however. The PYMNTS Intelligence report “How Instant Ad Hoc Payments Benefit ...Read moreClearing Up Pay-by-Bank Confusion Requires Education and Incentives
November 8, 2024
Last week, Nacha said its Payments Innovation Alliance formed a new project team seeking to answer the question, “What is pay by bank?” Via the project, financial institutions, providers and FinTechs, ...Read moreInterview: Why Cutting Paper in Healthcare Will Speed Patient Payments
November 1, 2024
Though it’s a truism that the world’s become more digitized — Venmo, PayPal, and Cash App are all staples of everyday life while we bank online, order online, and stream ...Read more
More Than 75% of Banks Not Ready for ISO 20022 Mandates. The Question Is: Why?
December 13, 2024
The benefits of standardized data formats and exchanges in financial services are myriad. Banks are moving toward the ISO 20022 financial messaging standard, tied to Swift, which noted that the open ...Read moreSling Money Raises $15 Million for Money Transfer App
August 15, 2024
Stablecoin-centric money transfer app Sling Money has raised $15 million in new funds. Sling’s app combines stablecoin technology “with a user-friendly interface” and integration with fiat payment systems for easier money movement, according ...Read moreWise Resumes Signing Customers in India to Tap $32 Billion Remittance Market
August 12, 2024
Money transfer firm Wise is reportedly hoping to tap India’s $32 billion remittance market. To that end, Wise plans to begin signing up new customers in the world’s most populous nation after pausing that side ...Read morePomelo and Thunes Partner on International Money Transfer Solution
May 9, 2024
Pomelo and Thunes have partnered on an international money transfer solution from the United States to the Philippines. This credit-based digital wallet solution provides a remittance method that reduces costs and ...Read morePomelo Officially Launches Product Combining Credit and International Money Transfer
April 22, 2024
Pomelo has announced its official launch after several months of private beta. The company is launching with $70 million in seed financing that includes $20 million in venture capital and $50 million ...Read moreWestern Union Marks 100 Concept Stores in Europe
December 6, 2023
Western Union says it has expanded its network of concept stores in Europe. The cross-border money transfer provider announced Wednesday (Dec. 6) that it now has 100 concept stores and “company-owned hubs” ...Read moreFTC: Walmart ‘Turned Blind Eye’ to Telemarketing Rule Violations
July 2, 2023
Federal regulators have offered new details in a legal action involving Walmart’s money-transfer operations. The Federal Trade Commission (FTC) announced Friday (June 30) that it had amended its year-old complaint against the retail giant, which involves the company’s ...Read moreMoney Transfer Company Wise Reports 37% YOY Increase in Volumes
June 27, 2023
Money transfer company Wise increased its customer base by 34% and its volumes by 37% over the last year. During the 12 months ended March 31, the company’s customer base grew ...Read moreMoney Transfer Firm Instant Cash Receives License From UAE Central Bank
May 25, 2023
Instant Cash has received a license from the Central Bank of the United Arab Emirates (CBUAE). With this Retail Payment Services and Card Scheme Regulation (RPSCS) Category 2 License, Instant Cash ...Read moreRising P2P Payments Driving Demand for More Seamless Money Movement Options
April 11, 2023
Call it peer-to-peer or person-to-person, but P2P is taking on new significance in a troubled economy where splitting the restaurant bill or lending your friend a few dollars is a ...Read more
Blockchain Regulation Drives Business Utility While Stablecoins Surge This Week in Web3
November 27, 2024Crypto’s reputation is undergoing a makeover as the sector matures. Driven by regulatory clarity, technological innovation, and a shift toward solving real-world problems — particularly in payments and financial services ...Read morePrivate Sector Will Pave Path for X-Border Payments Transformation
November 26, 2024The Treasury Department is pushing for frameworks and international standards for cross-border transactions — because if those foundations are not in place, risks abound. And, with those frameworks in place, it ...Read moreFinal CFPB Rule Expands Oversight of Big Tech’s Payments Ambitions
November 21, 2024The payment ambitions of the largest, marquee names in technology now will come under greater scrutiny at the federal level. A finalized rule from the Consumer Financial Protection Bureau (CFPB), which ...Read moreThis Week in Web3: Understanding Blockchain Solutions for Business Challenges
November 20, 2024At its core, blockchain is a distributed ledger technology (DLT) that records transactions across multiple computers in a secure, immutable and transparent manner. Unlike traditional databases, where data is stored in ...Read morePayPal’s Xoom Begins Settling Cross-Border Payments with Stablecoin
November 19, 2024PayPal will begin letting its disbursement partners use PayPal USD to settle cross-border money transfers. The new service will be offered through PayPal’s Xoom cross-border payments business, according to a Tuesday ...Read morePayPal Reports BNPL Bounce, More Focus on Financial Services
October 29, 2024
With its transaction growth rates slowing and less-than-expected revenue guidance for the balance of the year, PayPal focused on its repositioning from a peer-to-peer pioneer to a two-sided payments technology ...Read moreGlobal Payments to Offer US Merchants Fastlane by PayPal Checkout
October 23, 2024
Payments technology company Global Payments will offer its U.S. merchants the Fastlane by PayPal checkout experience. The new offering marks an expanded collaboration between Global Payments and PayPal Holdings, the companies ...Read moreThe Payment Professional’s Guide to Stablecoins
October 21, 2024
The stablecoin market is collectively worth north of $170 billion. That’s a large number. And with the news Monday (Oct. 21) that FinTech giant Stripe has reportedly acquired stablecoin platform Bridge for ...Read moreVisa, PayPal and Others Could Bring Utility and Legitimacy to Stablecoins
October 4, 2024
In 2022, the de-pegging of the TerraUSD (UST) stablecoin led to a cryptocurrency sector collapse, ultimately exposing fraud at FTX and elsewhere. Much has changed since then, particularly as it relates ...Read morePayPal Pays EY With In-House Stablecoin to Show ‘Well-Suited’ Enterprise Capabilities
October 3, 2024
PayPal has reportedly completed its first business payment with its in-house stablecoin. This was done to show how digital currencies could be used to improve upon what are often muddled commercial transactions, ...Read more
61% of Zillennials Prioritize Convenience, Driving Digital Wallet Adoption
December 23, 2024Zillennials, born between 1991 and 1999, are reshaping payment trends as their spending power increases. They are embracing digital wallets, moving away from cash, and being cautious with credit cards. ...Read moreFinal CFPB Rule Expands Oversight of Big Tech’s Payments Ambitions
November 21, 2024The payment ambitions of the largest, marquee names in technology now will come under greater scrutiny at the federal level. A finalized rule from the Consumer Financial Protection Bureau (CFPB), which ...Read morePayPal Resolves 2-Hour Global Outage Affecting Multiple Products
November 21, 2024PayPal experienced a global outage that affected multiple products for about two hours Thursday (Nov. 21). The incident lasted from 10:53 UTC to 12:59 UTC Thursday, the company said on its ...Read moreIn Regulatory First, CFPB Pushes to Supervise Google’s Financial Offerings
November 14, 2024
The U.S. Consumer Financial Protection Bureau (CFPB) is pursuing a move to place Google, Alphabet Inc.’s subsidiary, under formal federal supervision, according to reports by The Washington Post. This regulatory ...Read morePayPal Begins Rollout of ‘Pool Money’ Feature for Shared Expenses
November 14, 2024PayPal has begun rolling out a feature that makes it easier for its customers and their friends and family to pool money for shared expenses. The new Pool Money feature is ...Read moreLayerZero Enables PayPal USD Stablecoin Transfers Between Ethereum and Solana
November 13, 2024The PayPal USD (PYUSD) stablecoin now uses LayerZero’s Omnichain Fungible Token (OFT) Standard to enable transfers between the blockchain networks Ethereum and Solana. This integration enables fast, secure and cost-effective transactions for both users and businesses, the ...Read moreWestern Union Launches Media Network Business Supported by User Data
November 11, 2024
Western Union has launched a media network business that lets companies advertise to its customers via company-owned channels like its website, mobile app and digital-out-of-home (DOOH) screen network as well ...Read moreClearing Up Pay-by-Bank Confusion Requires Education and Incentives
November 8, 2024Last week, Nacha said its Payments Innovation Alliance formed a new project team seeking to answer the question, “What is pay by bank?” Via the project, financial institutions, providers and FinTechs, ...Read moreGiving Credit Unions Credit: Bright Future for ‘Little Guys’ of Banking
November 5, 2024
Bigger doesn’t always mean better across financial services — especially when it comes to innovation. And as financial technology reshapes the payments industry, even smaller, regional credit unions are finding that ...Read moreHallmark Bridges Digital Gifting With Real-World Touches
November 1, 2024
As the holiday season approaches, the quest for the perfect gift intensifies. With consumers increasingly seeking personalized and convenient gifting solutions, Hallmark has introduced Gift Card Greetings, a new product ...Read more