PayPal PYUSD to bring speed and reduced costs to cross-border payments with Xoom
PayPal announced it will be enabling disbursement partners to use PayPal USD (PYUSD) to settle cross-border money transfers made with Xoom. Cebuana Lhuillier and Yellow Card will be the first Xoom disbursement partners to use PYUSD to settle cross-border money
PayPal lifts 2024 profit forecast, execs focus on branded checkout growth
By Manya Saini and Jaiveer Shekhawat (Reuters) - PayPal executives on Tuesday emphasized plans to reignite growth in branded checkout products that have struggled in recent years as big tech expanded market share, after the payments firm raised its forecast for
PayPal amends terms and conditions to comply with EU law
Βy Charlotte Van Campenhout BRUSSELS (Reuters) - PayPal has committed to amending its terms and conditions to fully comply with EU consumer protections rules, the EU said in a statement on Wednesday. "Following a dialogue with the European Commission and national consumer
X will be what PayPal has not been, a bank
Not just transactions, passing money between accounts, but a true financial hub. That is Elon Musk's achievable (and soon to be achievable) wish shared by CEO Linda Yaccarino for X, the former Twitter and also former social, in some time.
PayPal taps Intuit veteran Chriss as new CEO
By Niket Nishant and Manya Saini (Reuters) - PayPal Holdings said on Monday that Alex Chriss, a top executive at tax-preparation software firm Intuit, would replace its longest-serving chief executive officer Dan Schulman on Sept. 27. PayPal's shares were up nearly 2.3%,
PayPal becomes first major fintech to launch dollar-backed stablecoin
By Jaiveer Shekhawat (Reuters) - Payments giant PayPal said on Monday it has launched a U.S. dollar stablecoin, becoming the first major financial technology firm to embrace digital currencies for payments and transfers. While stablecoins - crypto tokens whose monetary value is
PayPal stock drops as weak margins fan growth fears
By Niket Nishant (Reuters) - Shares of PayPal Holdings fell nearly 11% on Thursday as weak second-quarter margins at the digital payments firm overshadowed a strong forecast. The stock was trading at $65.29, its lowest since mid-June. The company said higher provisions at
PayPal misinformation was an error
By Niket Nishant and Manya Saini in Bengaluru (Reuters) -PayPal Holdings Inc said on Monday it will not fine users for misinformation and an earlier policy update that said customers could have to pay $2,500 in damages was sent in error. Shares