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Paypal Says Co and Mastercard Expand Debit Card Offering To More European Businesses
Neon Receives $300 Mln From General Atlantic, Vulcan Capital, Funds And Accounts Managed By Blackrock, Bbva, And Paypal Ventures In Series C Funding Round
Sezzle Promotes Chief Revenue Officer Paul Paradis To President
PayPal Holdings, Inc. is a technology platform and digital payments company that enables digital and mobile payments on behalf of consumers and merchants. The Company's combined payment solutions, including its PayPal, PayPal Credit, Braintree, Venmo, Xoom and Paydiant products, compose its Payments Platform. It operates a two-sided global technology platform that links its customers, both merchants and consumers, around the globe to facilitate the processing of payment transactions, allowing it to connect merchants and consumers. It allows its customers to use their account for both purchase and paying for goods, as well as to transfer and withdraw funds. It enables consumers to exchange funds with merchants using funding sources, which include bank account, PayPal account balance, PayPal Credit account, credit and debit card or other stored value products. It offers consumers person-to-person payment solutions through its PayPal Website and mobile application, Venmo and Xoom.
Consumer Financial Services
2211 N 1st St
SAN JOSE, CA
John Joseph Donahoe
Independent Chairman of the Board
Daniel H. Schulman
President, Chief Executive Officer, Director
John D. Rainey
Chief Financial Officer, Executive Vice President, Global Customer Operations
Executive Vice President - Risk and Platforms, Chief Risk Officer
Executive Vice President - Global Sales
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PayPal Holdings Inc's <PYPL.O> decision to open its network to bitcoin and its rivals was hailed by virtual coin enthusiasts as a watershed moment for cryptocurrencies and their path towards becoming a widespread means of payment.
PayPal Holdings Inc <PYPL.O> said on Wednesday it will allow customers to hold bitcoin and other virtual coins in its online wallet and shop using cryptocurrencies at the 26 million merchants on its network.
Bitcoin extended its gains on Wednesday after PayPal Holdings Inc said it will allow customers to buy, sell and hold cryptocurrencies.
PayPal Holdings Inc joined the cryptocurrency market on Wednesday, allowing customers to buy, sell and hold bitcoin and other virtual coins using the U.S. digital payments company's online wallets.
Shares in Australia's Afterpay Ltd and its smaller consumer lender rivals tumbled for a second day on Wednesday, as the entry of U.S. giant PayPal into the buy-now-pay-later (BNPL) sector sent investors scrambling to re-price its frothy stocks.
* Afterpay shares fall 9% in two sessions, rivals plunge further
Facebook Inc <FB.O> named former PayPal Holdings Inc <PYPL.O> executive Stephane Kasriel to lead Facebook Pay, a company executive said on Monday.
Payments processor PayPal Holdings Inc said on Wednesday that a surge in e-commerce transactions and new accounts that drove quarterly profits 86% higher was continuing and would support additional investments in mobile-payment tools.
PayPal Holdings Inc <PYPL.O> said on Thursday it was pledging $530 million to support black and minority-owned businesses in the United States and foster diversity, amid worldwide protests over racial injustice.
Facebook Inc <FB.O> messaging platform WhatsApp and PayPal Holdings Inc <PYPL.O> on Wednesday said they have invested in payment, food delivery and ride-hailing app operator Gojek as part of the Indonesian firm's ongoing fundraising round.
Australian shares are set to inch higher on Friday, tracking gains in U.S. stocks which rose after a number of upbeat earnings reports led by PayPal, while positive economic data from China is also likely to boost sentiment. All major indices on Wall Street clocked in gains...
* Millions more Americans file for jobless benefits (Updates to close of U.S. market)
* Indexes jump: Dow 1.56%, S&P 1.74%, Nasdaq 1.74% (Updates to early afternoon)
* PAYPAL HOLDINGS SAYS DURING Q1, MANAGEMENT APPROVED STRATEGIC REDUCTION OF EXISTING GLOBAL WORKFORCE, RESULTED IN RESTRUCTURING CHARGES OF $29 MILLION
Wall Street analysts looked past a surprisingly shaky first quarter for payment processors PayPal Holdings Inc <PYPL.O> and Square Inc <SQ.N> hoping that the shift towards more online buying will see their businesses surge this year.
PayPal Holdings Inc <PYPL.O> said it expects a strong recovery in payments volumes in the second quarter as social distancing drives more people to shop online, even as lockdowns start to ease, sending its shares up 8% in extended trading.
Payment processor Paypal Holdings Inc reported an 87.4% slump in first-quarter profit on Wednesday, as consumers spent less due to the COVID-19 lockdowns and unemployment numbers surged.
-- Source link: (here https://www.cnbc.com/2020/03/31/paypal-ceo-dan-schulman-no-layoffs-of-employees-due-to-coronavirus.html)
* PAYPAL UPDATES FIRST QUARTER 2020 REVENUE OUTLOOK BASED ON CORONAVIRUS IMPACT
Payments processor PayPal Holdings Inc said on Thursday it expects first-quarter revenue to be at the lower end of its previously forecast range, as online transactions globally took a hit from the coronavirus outbreak.
Quote and financial data from Refinitiv. Fund performance data provided by Lipper. All quotes delayed a minimum of 15 minutes.