PayPal lays off about 2,500 employees as the digital payment service faces increased competition and lower profits. CEO Alex Chriss said right-sizing is necessary to accelerate delivery and growth.
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PayPal launches PYUSD stablecoin. It is backed by USD deposits, pegged to the US dollar, on the Ethereum blockchain via Paxos Trust. The company enables P2P payments and conversions to other cryptos.
Tonight on Microsoft Weekly: Microsoft reports its finances and gets slapped with an antitrust investigation from the EU; Windows 11 receives new builds and features; and Edge has a new mascot.
PayPal and Microsoft expand their partnership to include Pay Later and Venmo on more Microsoft platforms. Venmo is available to US customers on the Microsoft Store, Xbox, and Xbox Game Pass.
The new Payments app will allow small businesses to collect money from an online Microsoft Teams meeting on the desktop or mobile platforms, including support for PayPal, Stripe, and more providers.
PayPal has become one of the latest firms to announce major layoffs. The payments platform says that it will let go of 2,000 employees in the coming weeks in a bid to reduce operating expenses.
PayPal is adding passkey support to its website. Initially, it'll be available on iPhone, iPad, and Mac in the United States, but next year it'll arrive in more countries and on more platforms.
A typosquatting campaign that steals sensitive data and infects Android and Windows devices with malware has recently been discovered. Many of the fake domains look very similar to the real ones.
PayPal has introduced PayPal Rewards Program for users, which is a replacement for the previously announced Honey Gold. The program offers redeemable rewards on cash-backs and discounts.
Here we have a look at Google Opinion Rewards. It's a survey app made by Google that lets you earn a bit of credit on the Google Play Store on Android or to withdraw as cash through PayPal on iOS.
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The Indonesian government has blocked multiple companies and services for continuing to operate without registering themselves. Registration would also enforce certain tough regulatory restrictions.
If you have a PayPal account, over time you've probably authorized a lot of payments. Some of those may stay "active" even after you cancel the service or no longer use the company.
Instagram has announced its Payment in Chat feature that lets users buy products by texting online businesses. The feature provides the facility to track orders and pay while staying in the chat.
PayPal has launched a refreshed app on mobile, making it more convenient to use. It brings a whole plethora of features together making it your go-to app for most financial activities.
PayPal has expanded its cryptocurrency service to users in the UK. With the new service, people will be able to buy Bitcoin, Ethereum, Litecoin, or Bitcoin Cash for as little as £1.
Venmo has launched a new feature for credit card customers called Cash Back to Crypto. Any cash back that's received from purchases on the card can automatically be used to buy several cryptos.
Twitter has announced Tip Jar to enable people to send and receive monetary tips on the platforms. Currently supported payment methods include Bandcamp, Cash App, Patreon, PayPal, and Venmo.
PayPal has announced that Venmo users can now buy, hold, and sell cryptocurrency directly in the Venmo app. PayPal itself started supporting the new currency type at the end of March.
PayPal has launched Checkout with Crypto, a new service that allows consumers in the United States to pay with cryptocurrencies like bitcoin. Merchants all over the world receive the money as fiat.
PayPal has acquired the cryptocurrency firm Curv to bolster its credentials in the field as it looks to offer these services to users around the world in the first half of the year.
PayPal will be shutting down its domestic payment service that allowed Indians to pay domestic merchants in local currency. However, the company will continue to offer cross-border payments in India.
Following a $3,000 crash last week, bitcoin has recovered and is now in touching distance of $20,000. Bullish observers think bitcoin will continue to aim for highs above $20,000 in the future.
PayPal has announced that it's adding cryptocurrency management to the portfolio of features on its platform. Users will be able to buy Bitcoin, Ethereum, and more directly in PayPal.
PayPal now allows customers to pay for their purchases by scanning a QR code in an effort to minimize physical contact at stores. The feature is available in the U.S., U.K., and 26 more markets.
PayPal has announced that it's entered an agreement to acquire shopping and rewards platform Honey. The transaction will cost PayPal $4 billion and is expected to be done early next year.
PayPal has announced that it has withdrawn itself from the Libra Association, the governing body of the Libra cryptocurrency started by Facebook. The news follows speculation that the firm had doubts.
Facebook's Libra cryptocurrency could see delays after insiders revealed that Visa, Mastercard, Stripe, and PayPal all have doubts over the proposed cryptocurrency due to the scrutiny it's under.
PayPal has announced that it has brought 70% equity interest in GoPay allowing it to operate in China. PayPal has become the first foreign payment platform to be allowed to operate in the country.
PayPal has partnered with Instagram in order to power Instagram Checkout, an in-app purchase option for customers to more easily buy goods from businesses from within the app, in the U.S.
PayPal has canceled several accounts used by far-right group Proud Boys and multiple anti-fascist groups as the payments service continues to crack down on entities that promote hate and violence.
According to Pakistan's new finance minister, PayPal or an online payments platform similar to it could launch in Pakistan within the next 3-4 months, which is welcome news for freelancers.
PayPal has announced the global launch of PayPal Checkout with Smart Payment Buttons. It also stated that its PayPal Marketing Solutions would expand from the U.S. to several other markets.
Just 18 months after reaching 200 million users, PayPal has revealed that it now has a 250 million users around the world. The firm stated that it is growing at three million users per month.
PayPal has begun rolling out its redesigned mobile app on Android. The app will come to Australia and Italy initially and then come to other markets. Apple iOS users will get the update later.
After being informed that a customer had passed away, PayPal sent her an outstanding balance notice, demanding repayment and terming her death a "breach" of its rules. The firm has since apologized.
The online payments platform is today announcing its new Smart Payment Buttons for online commerce, allowing users to more quickly choose a preferred payment method, including local services soon.
Nearly a year after its announcement, PayPal has announced that Samsung Pay users can now start making payments using the service with their PayPal accounts. The update is now rolling out.
American payments company PayPal, in a round of policy updates, has announced several changes, among which stands out the discontinuation of its Pay After Delivery option in the United States.
After splitting with PayPal in 2015, eBay will use Amsterdam based Adyen for managing their back-end payment systems from 2020. The deal is estimated to bring in $2 billion in revenue for eBay.
Another one bites the dust. Elon Musk has denied that he is the Bitcoin creator Satoshi Nakamoto after a blog post on Medium alleged and gave reasons why Musk could be the person behind the pseudonym.
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