Search Results for: paypal
Tech Digest daily roundup: PayPal allows cryptocurrencies
Online payment company PayPal is to allow users in the UK to buy, hold and sell cryptocurrencies using its platform. Available on both its app and website, the service will initially be limited to four cryptocurrencies: Bitcoin, Ethereum, Litecoin and Bitcoin Cash. It comes after the launch of the same service in the US which…
PayPal’s Plan To Create The World’s Next Super App
Globally-renowned online payment services platform PayPal is looking to capitalise on a fantastic year in 2020 by creating what they hope will become the banking world’s next “super app”. It’s no secret that PayPal had a breakthrough year over the past 12 months. Due to people working predominantly from home and spending a significant amount…
PayPal hits 3.7bn transactions, 346m active users in Q2 2020
Recent years have witnessed a surge in the adoption of digital payments worldwide, driven by the rising number of smart devices and the booming eCommerce market. As one of the first and most significant players in the digital payments landscape, PayPal has played a huge role in building a cashless society. According to data gathered…
PayPal: Political parties should check donations
PayPal has defended its platform amid concerns of anonymous foreign donors using the service for donations to political parties in the UK. Official donations of £500 or more must be given by a “permissible donor” who should either be somebody listed on the UK electoral roll or a business registered at Companies House and…
PayPal fined £250,000 over iZettle deal
Online payments giant PayPal has been fined £250,000 by Britain’s competition watchdog for failing to keep it and iZettle separate in the UK while an investigation was carried out into their merger. US-based PayPal had already bought Sweden’s iZettle in September 2018 for $2.2 billion (£1.7 billion), but the Competition and Markets Authority (CMA) put…
FA Matchday app lets players use PayPal to pay match fees
Amateur football players can now pay their match fees via their smartphone thanks to an update to an official app. Digital payments service PayPal has signed a partnership with the Football Association (FA) to enable grassroots footballers to pay match fees from their smartphones. The FA Matchday app will now offer an online payment system…
Vodafone’s VOXI partners with PayPal to offer interest free deals on smartphones
Vodafone's youth brand VOXI has announced a collaboration with PayPal that it reckons will give customers a more flexible and affordable way to purchase a smartphone with no upfront cost and 0% interest using PayPal Credit. Offering monthly instalments over 30 months for its range of smartphones via PayPal Credit, VOXI customers will have full control over…
Was a boardroom dispute to blame for Paypal and eBay splitting up?
Yesterday we reported that Paypal and eBay are consciously uncoupling into two separate companies. Now further details have emerged adding context to events: It turns out there was another woman. Bank Innovation reports on a recent bust-up between eBay CEO John Donahoe and former Paypal President David Marcus. Apparently Apple and Paypal had been in…
eBay and Paypal split into separate companies – here’s why they’re consciously uncoupling
Intriguing corporate news today as eBay has announced that it is calling it quits with Paypal. The payment system, which was co-founded by electric cars and space tech entrepreneur Elon Musk is being spun off as a separate company. The split will see current eBay Marketplaces President Devin Wenig become the new CEO of a…
Is Amazon launching a PayPal rival?
Amazon looks set to launch its own online payment service, in a bid to take on the dominant player, the eBay-owned PayPal. According to Reuters, Amazon customers who store their credit or debit card data when they make a purchase…
