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In significant financial news, payment giant PayPal Holdings Inc has reportedly received a joint acquisition bid from payments provider Stripe and private equity powerhouse Advent International. The offer, which values PayPal at a staggering $53 billion USD,…
PayPay, the mobile payment service owned by SoftBank Group, is poised to expand its reach beyond Japan, with plans to launch its app for international use as early as late September. This move aims to cater to the growing number of Japanese travelers seeking…
If you have a PayPal debit or credit card, starting today you can add them to your Apple Wallet app where they can be selected for use with the Apple Pay mobile payment service. There are two ways that you can accomplish this. Number one, you can open the iOS…
Nearly 35,000 PayPal user accounts have been breached by so-called “credential stuffing”. PayPal managed to stop the two-day intrusion and reset the affected users’ passwords. In fact, PayPal’s own servers weren’t hacked. The reason for the hack was the…
Discover the current and upcoming shopping behaviours that will shape the future of cross-border commerce, and emerging trends that will help integrate and bring seamless shopping experiences to your customers. During the pandemic, 10 years of forecasted…
PayPal is not pursuing an acquisition of Pinterest at this time, the online payments provider said on Sunday, responding to market rumors. Earlier in the week, it was reported that the payments behemoth had offered to buy digital pinboard site Pinterest for…
PayPal has made an offer to buy digital pinboard site Pinterest for US$45-billion, people familiar with the matter said on Wednesday, a combination that could herald more tie-ups between fintech and social media companies in e-ecommerce. The per-share price…
The U.S. fintech giant announced a mostly cash deal to acquire Japan’s buy now, pay later (BNPL) payments platform Paidy for ¥300 billion (about $2.7 billion) on Wednesday. The acquisition will expand PayPal’s capabilities, distribution and relevance in the…
The U.S. online payments giant is expanding the Singapore-based workforce by 25 percent to support the region’s growing demand for digital solutions. Some 150 job openings are on offer at PayPal’s its international headquarters in Singapore, under the…
With the acquisition of GoPay, PayPal will become the first foreign firm to enter China’s digital payments market. The People’s Bank of China has approved the acquisition of a 70-percent stake in Guofubao Information Technology Co. (GoPay) by Yinbaobao, a…
PayPal-backed digital lender Tala has raised another $110 million to enter the Indian market, increasing the firm’s total estimated value to more than $750 million. The five-year old California-headquartered startup specializes in digital lending, building…
PayPal has been doing pretty much everything in its power to keep the likes of Apple Pay at bay in the increasingly competitive online and mobile payment market, joining forces with Google on a number of mutually advantageous initiatives, vastly improving its…
South Korean fintech unicorn, Viva Republica, raised $64 million for its financial service platform Toss pushing the firm’s total value to $2.2 billion. The Seoul-based fintech has raised a total of $250 million, including $80 million in the December round,…
Google has just announced it has expanded its partnership with PayPal to provide merchants with more ways to accept payments online. Starting next week, Google Pay will benefit from PayPal integration in all 24 countries where customers can link their PayPal…
Strategic hires follow the digital payments firm’s $40-million series B funding round in February. Silicon Valley-based fintech-as-a-service platform Rapyd has hired Richard Oh as its APAC Senior Director of Network Management and Larry Lee as Senior Director…
Over time, the position of the payment markets in the global economy has been invariably shaped and defined by the traditional payment systems. However, as with all technologies, it is not without its pitfalls. While these payment systems are equipped to…
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