Finovate

MARCH 3, 2025

Founded in 2016 and headquartered in Toronto, Ontario, Canada, Portage teams up with companies across all stages to provide flexible capital, as well as a global network of investors, commercial partners, advisors, and value creation experts. The firm co-led a $21 million Series A funding round with PayPal Ventures in January.

Continuity

PYMNTS

OCTOBER 27, 2016

And PayPal has officially thrown its hat into the ring. There have never been more options for Americans to shop in a way that works for them, and those options have fundamentally changed holiday shopping behavior,” said Anuj Nayar, head of global initiatives at PayPal.

PayPal

PYMNTS

DECEMBER 15, 2016

PayPal’s made it pretty clear that enabling consumer choice means giving consumers the ability to use their preferred method of payment inside of their PayPal wallet anywhere they’d like to shop — in-store, online and in-app. PayPal’s Magats emphasized that bank benefit, too.

PayPal

PYMNTS

NOVEMBER 10, 2016

It has been a good year for P2P transfers on the PayPal platform — which encompasses eponymous PayPal as well as Venmo and Xoom. As of yet, PayPal has done $41 billion in P2P transactions in 2016 — and is expecting that holiday 2016 will bring on another 17 million transactions across its services.

PayPal

PYMNTS

JANUARY 4, 2019

PayPal has reported a more than twelvefold boost in revenue at its Indian payments subsidiary. Launched in India in 2017, PayPal has formed partnerships with local online merchants such as BookMyShow, MakeMyTrip, Yatra, Goibibo, FreshMenu and Box8. For us, the marathon has just begun.”.

PayPal

PYMNTS

OCTOBER 25, 2016

Facebook’s chatbots are getting an upgrade – care of PayPal. The digital payments platform will now be one of the payment option within messenger – meaning that customers who shop via chatbot will be able to complete transactions via PayPal. PayPal says the integrations are “starting” in the U.S.

PayPal

PYMNTS

SEPTEMBER 12, 2016

PayPal is making deft maneuvers in its efforts to quickly build and scale a global payments platform. We take a look at the recent goings on in PayPal’s ecosystem. PayPal is intent on being accepted as a method of payment at store checkouts throughout Mastercard’s and Visa’s mobile contactless payments systems.

PayPal

PYMNTS

MARCH 30, 2018

HSBC is introducing PayPal support for corporate payments across borders. An announcement Thursday (March 29) said HSBC now lets its corporate customers use PayPal for supplier payments via a partnership between the two entities. The financial institution said at the time it was the first to enable B2C payments via PayPal.

PayPal

Payments Source

FEBRUARY 16, 2018

A sophisticated campaign by Russian actors seeking to manipulate the 2016 U.S. presidential election through social media included stealing the identities of Americans and using accounts at PayPal to aid their effort.

PayPal

PYMNTS

JULY 11, 2017

According to new figures released by PayPal about the growing digital footprint of American SMBs in the global digital marketplace, less than 5 percent of all U.S. PayPal reports that 79 percent of their U.S. percent year over year between 2015 and 2016. PayPal reports that 79 percent of their U.S. percent on average.

PayPal

Payments Source

OCTOBER 19, 2018

American Express turned its loss of its Costco card business in 2016 into a pivot to a more technology-heavy strategy, a plan that is paying off with major deals with large partners and solid earnings.

PayPal

PYMNTS

JANUARY 15, 2018

More than $1 billion was donated to charities and nonprofits via the PayPal platform over the holidays, marking a milestone for the company, PayPal announced in a blog post. GivingTuesday and PayPal’s holiday campaign, which ran from Nov. Web users could have also given money via PayPal through the All Hands website.

PayPal

PYMNTS

JANUARY 22, 2020

PayPal and UnionPay International (UPI) said Wednesday (Jan. In an announcement, the firms said PayPal is committed to supporting UnionPay acceptance globally, across an installed base of 24 million merchants where PayPal is accepted via the PayPal wallet. During 2020, PayPal and UPI plan to add more than 30 markets.

PayPal

PYMNTS

JUNE 17, 2019

The OCC held meetings with technology conglomerates Google , PayPal and others about the possibility of bank charters for the firms, reports in American Banker said on Monday (June 16). Fine in a 2016 press release. PayPal and the OCC declined to comment, while Google did not respond to the publication’s requests for comment.

PayPal

Fintech Finance

DECEMBER 6, 2023

PayPal Holdings, Inc. She will have end-to-end accountability for leading PayPal’s local businesses and growth strategies in the markets around the world where the company operates to ensure seamless execution and drive profitable growth. I’m thrilled to welcome Suzan to the PayPal team.”

PayPal

PYMNTS

NOVEMBER 2, 2016

The results are in: PayPal just released its Digital Goods Economy Survey. Our research insights help merchants of all sizes better understand how consumers are spending their time and money with digital goods, enabling them to cater to this growing audience,” said Melissa O’Malley, director of global initiatives at PayPal. “Our

PayPal

PYMNTS

DECEMBER 22, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of The Gazelle. Some observers might remember 2016 as the year that new, faster payment technologies truly began to take hold.

Same Day ACH

PYMNTS

JANUARY 27, 2017

PayPal met analyst expectations as it reported its Q4 2016 earnings yesterday (Jan 26) — while adding active uses and increasing payments volume. The solid performance caps off a particularly active year for PayPal — its first full 365 day term as a fully independent entity. billion in payments, up 126 percent from Q4 2016.

PayPal

PYMNTS

DECEMBER 11, 2019

The former PayPal chief operating officer is the new president of commerce at Google, according to a report by TechCrunch. Ready’s job at Google is going to be a little different than it was at PayPal, as he won’t be dealing directly with payments. At PayPal, he worked his way up and became EVP and COO of the company in 2016.

PayPal

PYMNTS

DECEMBER 19, 2019

PayPal has acquired a 70 percent equity stake in Guofubao Information Technology ( GoPay ) and will head to China as the country’s first online-only payments platform, PayPal said in a press release on Thursday (Dec. GoPay is licensed for digital and mobile transactions and operates similar to PayPal. trillion in 2023.

PayPal

PYMNTS

NOVEMBER 24, 2016

Uber, Amazon, eBay, Airbnb, PayPal — the list goes on and on for days among businesses that have found ways to reduce the friction among stakeholders and become profitable to boot. Businesses that act as “matchmakers” are not exactly a new idea. The earliest marketplaces date back thousands of years.

Alternative Payment Methods

PYMNTS

NOVEMBER 10, 2016

PayPal And Siri Play Nice. Coming soon to an iPhone or iPad running iOS near you is the abilty to tell Siri to make a payment with PayPal. According to some late night blogging, PayPal users running said OS will be able to make payments merely by commanding Siri to do it for them. PayPal was #1 by a pretty large margin.

PayPal

PYMNTS

AUGUST 14, 2017

PayPal, the digital payments company, is rolling out two new technology Innovation Labs based in India, where FinTech startups are currently flourishing. According to the report, the two labs are the first in India for PayPal, which already has locations in the U.S. The new labs come at a time when PayPal is inking a flurry of deals.

PayPal

PYMNTS

DECEMBER 28, 2016

PYMNTS consulted 21 payments executives from across the industry to share their insights on the biggest takeaways from 2016 as part of the “Payments 2016, The Year Of…” eBook. Payments 2016: The Year Of Capitulation . The year 2016 was the year of capitulation by FinTechs to the traditional banking industry.

Payments

PYMNTS

MAY 10, 2018

PayPal has released new data regarding the volume of financing placed with small business borrowers via the PayPal Working Capital solution. Reports in IBS Intelligence on Wednesday (May 9) said PayPal Working Capital has provided U.K. That compares with its 116 percent year-over-year volume increase between 2016 and 2017.

PayPal

PYMNTS

JUNE 13, 2019

PayPal is introducing a new solution for Canadian small businesses (SMBs) to lower their logistics costs when doing business with the U.S. PayPal Canada will include package tracking links, and will roll out a platform that allows sellers to manage order shipments and logistics from a range of marketplaces.

Cross-Border

Finovate

FEBRUARY 20, 2024

The round was co-led by StepStone Group and PayPal Ventures. Rasa was the first AI-related investment for PayPal Ventures’ new AI Fund. StepStone Group and PayPal Ventures co-led the round, which featured participation from Andreessen Horowitz (a16z), Accel, and Basis Set Ventures. .

PayPal

PYMNTS

JANUARY 23, 2020

That $100 billion is itself but a small portion of China’s total cross-border transaction volume, which as of 2016, stood at $6.7 It is that large and growing opportunity that PayPal announced Wednesday (Jan. That acquisition made PayPal the first foreign online-only payments processor to operate in China.

PayPal

Payments Dive

FEBRUARY 23, 2016

The company says that its 'new money' campaign, which will run throughout 2016, 'indicates just how significant the change in money will be to people’s lives.'

PayPal

PYMNTS

DECEMBER 23, 2020

In today’s top news in digital-first banking, Goldman Sachs is testing out a wealth management program for the general public, while PayPal will allow customers to cash in their next stimulus checks without a fee. PayPal Waives Check Cashing Fees For Stimulus Checks. Goldman Sachs Testing Wealth Management App For The Masses.

PayPal

PYMNTS

APRIL 6, 2018

PayPal is collaborating with the Federation of Indian Export Organizations (FIEO) to help small businesses (SMBs) in India expand across borders. Certain inherent challenges have deterred the Indian SME sector from performing to its true potential,” the PayPal executive continued.

PayPal

PYMNTS

FEBRUARY 27, 2017

Those latest figures come on top of PayPal’s latest quarterly figures being released. During the last three months of 2016, PayPal processed a little over $31 billion in mobile payments, a 53 percent increase since 2015. Paypal also reported that mobile accounts for one-third of all of payments processed by PayPal.

PayPal

PYMNTS

FEBRUARY 27, 2017

Those latest figures come on top of PayPal’s latest quarterly figures being released. During the last three months of 2016, PayPal processed a little over $31 billion in mobile payments, a 53 percent increase since 2015. Paypal also reported that mobile accounts for one-third of all of payments processed by PayPal.

PayPal

PYMNTS

MARCH 7, 2017

However, new data from PayPal revealed a bright spot in the Brexit fallout – small and medium-sized businesses (SMEs) in Britain say global PayPal sales rise by 10 percent year-on-year from January to June 2016, then by 34 percent year-on-year from July to December. Brexit has caused a great deal of uncertainty for the U.K.

PayPal

PYMNTS

JULY 27, 2016

Venmo, the PayPal-owned company that started out enabling payments person to person, moved several new features out of beta on Tuesday (July 26), opening them up to all Venmo users. Venmo is an up and coming payment company owned by PayPal that’s garnering excitement because it enables customers to do things like share payments.

Venmo

PYMNTS

JULY 2, 2020

In an interview with Karen Webster, Jim Magats , senior vice president of omni payments at PayPal , said merchants are now keenly dialed into the fact that better authorization rates can have a positive ripple effect across commerce platforms. PayPal , he told Webster, has set its sights on becoming a “method of acceptance.”.

PayPal

PYMNTS

JULY 22, 2016

But PayPal managed it pretty handily – because by all reasonable measures the second quarter of Q2 2016 was a very good time to be PayPal. Last quarter PayPal managed to slightly edge beat the Street’s expectations of $2.6 This deal has the potential to be transformative for PayPal, Visa and the industry.”.

PayPal