Paysend secures $4.2m crowdfunding for global expansion
The round hit its target in less than 72 hours.
PayPal
Tink secures strategic investment from PayPal
The investment from PayPal adds $11.2 million to Tink’s capital.
PayPal invests in potential collaboration with Cambridge Blockchain
The funding is an extension of the firm’s Series A round.
Video: fintech news weekly round-up – 18 March 2019
More open banking news, fintechs in LatAm, an a MasterCard acquisition.
Top fintech stories this week – 15 March 2019
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
PayPal picks Temenos T24 core banking system
T24 will support PayPal’s operations in the US, UK, Germany and Australia.
Could PayPal dethrone banks when it comes to small business loans?
In the field of small business loans, PayPal is certainly changing the traditional paradigm.
US tech watch: Gradifi, Numerated, Jibo, Corvus, Botkeeper
Boston bosses this one. A wave of cash for finance and insurance tech start-ups, and a robotic assistant goes dark.
Is PayPal working in the gambling industry?
The international gaming industry is one of the great success stories of modern commerce.
Walmart and PayPal join forces for cash transactions
First time for PayPal to transact in cash, but each cash transaction is priced at a flat, $3 service fee.
Uber and Venmo link up for payments
Simplifying the way Uber users can pay with Venmo.
Powerful PayPal parades financial prowess
Revenue, income and payment volumes are all up.
PayPal leads $50m funding round in PPRO
Citi Ventures and return investor HPE Growth Capital also participated
Top fintech stories this week – 13 July 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
PayPal CEO commits to $3bn a year in M&A spending
Spending spree is not slowing down yet.
Synchrony to buy PayPal’s consumer credit receivables
This frees up liquidity for PayPal. Hmmm?
Venmo shines brightly in debit card roll-out
The card’s beta is now closed, and the public roll-out has started.
PayPal gets anti-fraud ability with $120m acquisition of Simility
Buys fraud prevention and risk management platform.
Hyperactive PayPal acquires Hyperwallet for $400m
Gives it more payment solutions to e-commerce platforms and marketplaces.
PayPal and Google Pay deepen payments relationship
More payment options across the Google ecosystem are on the way.
Top fintech stories this week – 4 May 2018
Catch up on FinTech Futures’ top five fintech stories of the week – all in one place!
Dosh raises $44m, PayPal among investors
PayPal headlines Dosh’s $44m payday for advertising-rebate business.
PayPal targets unbanked market with banking products
Plans include bank partnerships and a PayPal Cash Mastercard.
Amazon eyes PayPal’s crown with Alexa payments platform
E-commerce titan could be taking on Visa, Mastercard and PayPal.
PayPal settles FTC complaints over Venmo vagueness
FTC reaches settlement over allegations that PayPal provided inaccurate payments information to Venmo users.
eBay ditches PayPal for Adyen
Dutch outfit Adyen fits – and becomes primary processing partner.
PayPal powers BofA Merrill digital payments
US-based commercial clients can now make payments in local currencies.
Fintech funding round-up: 20 December 2017
Features Raisin, PayPal, Home Credit Venture Capital, Barion Payment and Cash Svidha.
Top fintech stories this week – 8 December 2017
Catch up on Banking Technology’s top five fintech stories of the week – all in one place!
PayPal’s TIO network data breach hits 1.6m customers
PayPal has revealed that a potential compromise of personally identifiable information for approximately 1.6 million customers has been found on its TIO Networks.
Rodney C. Adkins Joins PayPal’s Board of Directors
PayPal has welcomed Rodney C. Adkins to its board of directors. Adkins is president of 3RAM Group LLC, a privately held company specializing in capital investments, business consulting services and property management.
Raise Pulls in $60 Million in Funding, PayPal Joins Party
Raise, which bills itself as the world’s largest gift card marketplace, has raised $60 million in a Series C funding round led by Accel, with participation from PayPal and existing investors New Enterprise Associates and Bessemer Venture Partners.
P2P Payments Push Forward
In the P2P showdown, who will be left standing? See how early entrants like Venmo and Square Cash stack up against Zelle and Apple.
PayPal to buy Swift Financial to boost SMB lending
After a spate of recent partnership announcements to expand its acceptance network and P2P reach, PayPal is buying Swift Financial to boost its small business lending division.
PayPal Doubles Down on P2P with Skype
PayPal is on a tear in terms of taking on new partners and is looking to significantly boost its P2P payments volume, which grew 103 percent in the second quarter, reaching $8 billion in Venmo transactions. The company announced in a blog post on Aug. 2 that any of the more than 1 billion people who’ve downloaded the Skype mobile app will be able use it to send money across borders.
Earnings: Q2 Results for The Bancorp, Discover, Mastercard, PayPal
Several major payments companies released second-quarter earnings this week, including The Bancorp, Discover, Mastercard and PayPal. Overall, payments volume is on the rise and partnerships are proving particularly important for PayPal, which has been on tear with recent strategic announcements.
An Ant Can Teach A Big Lesson To U.S. FIs
Ant Financial created the world’s largest money market fund in four years by enabling mobile wallet users to move money to the fund simply within the mobile app. The program’s meteoric rise shows that consumers are willing to adopt financial services from new players and the mobile device can supercharge that consumer shift of assets if incumbents don’t react quickly enough.
PayPal Teams with Samsung Pay
The partnerships keep coming for PayPal. Following recent news that the company is partnering with Apple for payments on iTunes and in the App Store, the company announced July 17 that it’s expanding its partnership with Samsung to enable PayPal as a payment method in any channel Samsung Pay is accepted.
Apple Deal Puts PayPal One Step Closer to Ubiquity
One small step for consumer choice in e-commerce, one giant leap in PayPal’s quest for ubiquity. The company announced a partnership with Apple to enable shoppers to pay for their purchases in the App Store, iTunes, Apple Music and iBooks using PayPal.
P2P Is Gaining Steam, but Security Concerns Remain
Consumers prefer to use P2P payments for retail purchases, paying back relatives and friends, and settling bills—but not so much for contributing to group gifts or paying housing costs, according to a new report from NerdWallet. It also found that that while only 35 percent of U.S. consumers use such P2P products as Venmo, PayPal and Square Cash, 63 percent are interested in the payment technology.
