Fintech Labs Insights

FEBRUARY 13, 2025

HQ: SF | Founded: 2017 | Raised $136M (including $120M in 2021) | Valuation: $1.7 For more info on choosing a small business bank, see our previous post. Challenger of the Month* Mercury Bank Banking for what youre building. Startups of all sizes rely on Mercury. Apply in just 10 minutes! billion | Website visits: 2.2 209 17 Key Bank 7.8 $187

Small Business

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JUNE 22, 2020

PayPal will offer direct cryptocurrency sales for customers, CoinDesk reports. It would be an upgrade of the current PayPal functions for withdrawing funds from sources like San Francisco’s Coinbase. customers using PayPal. European and Canadian Coinbase users gained the option to withdraw to PayPal last year.

PayPal

PYMNTS

OCTOBER 21, 2020

Morgan Chase wants in on small- and mid-sized (SMB) payments and is banking on no-fee QuickAccept to edge out FinTech rivals Square and PayPal, according to a Wednesday (Oct. Other QuickAccept competitors include PayPal and Fiserv, which bought the FinTech FirstData, which had previously merged with Clover. 21) CNBC report.

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

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NOVEMBER 23, 2020

PayPal and Square’s Cash App digital currency buying spree has reportedly triggered a bitcoin rally, according to a Benzinga report on Monday (Nov. itBit is run by Paxos, which is PayPal partner. . itBit is run by Paxos, which is PayPal partner. . When PayPal went live, volume started exploding.

PayPal

PYMNTS

NOVEMBER 8, 2018

PayPal is broadening its small business financing offering into the German market, a press release announced on Wednesday (Nov. PayPal Working Capital will launch in Germany as PayPal Businesskredit, offering small and medium-sized businesses access to working capital financing that is deposited directly into their PayPal accounts.

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

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

FEBRUARY 4, 2019

JPMorgan Chase is gearing up to take on the likes of Apple Pay, PayPal, and Stripe by boosting its market share in the global treasury services industry by a goal of 50 percent. JPMorgan is hoping that will prompt retailers to choose it over PayPal and Stripe.

PayPal

PYMNTS

AUGUST 14, 2019

As PayPal reaches saturation points in Western markets, it wants to continue to expand internationally, especially in India, where the country’s 450 million mobile users make it an attractive target for retailers. PayPal considers the country critical to its growth. PayPal faces some challenges though. . Both Chinese and U.S.

PayPal

PYMNTS

SEPTEMBER 30, 2019

PayPal Holdings announced that it can do business in China after buying a controlling stake in a domestic payments firm. The deal would make PayPal the first foreign firm to enter China’s payment services market. The People’s Bank of China has approved PayPal Information Technologies Co., GoPay), Ltd.,

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

SEPTEMBER 30, 2019

PayPal has bought a majority stake in Chinese payments group Guofubao (NationPay), and has acquired a payments license in the country, according to a report by the Financial Times. . PayPal bought a 70 percent stake in the company for an undisclosed amount, and the country’s central bank approved the deal.

PayPal

PYMNTS

OCTOBER 20, 2017

“PayPal delivered one of its strongest quarters since becoming an independent company,” said Dan Schulman, CEO of PayPal, in a statement. PayPal, largely pushed by strong mobile performance, managed to again exceed analyst expectations across the board, and raised Q4 guidance. All in all, PayPal processed 1.9

PayPal

FICO

DECEMBER 14, 2016

Let us move on to 2017. Venmo, PayPal and Zelle are in a competition to see who’s the most popular verb, as in “I’ll Venmo you my share of the bar tab.” Put another way: There’s no way I won’t be swiping my payment card in 2017. And in 2017 I think we’ll see one that makes me say, “Wow!”. Source: New York Times.

EMV

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OCTOBER 12, 2018

The consumer base affected by these problems, PayPal CEO Dan Schulman noted in a Facebook Live broadcast with Walmart’s Daniel Eckert Senior Vice President of Services and Digital Acceleration , isn’t the stereotypical niche group most people tend to associate with the “unbanked” or “underbanked.”. The Importance of On-Ramps and Off-Ramps.

PayPal

PYMNTS

APRIL 28, 2017

However, in the case of PayPal, it really is the most accurate description — five years ago, PayPal had different leadership and different end goals and was still the payments branch of eBay. Those concerns, however, seem to have been put to bed by PayPal’s last earnings report. Because it has to. An Agnostic Platform.

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

OCTOBER 20, 2017

20), PayPal and Facebook announced news that they are expanding their partnership. Facebook users will now be able to send and receive peer-to-peer money transfers through PayPal from within the social media website’s Messenger app. The communication platform was also available for PayPal users to communicate with one another.

P2P

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JULY 23, 2019

Following mandates by the Reserve Bank of India (RBI), PayPal is opening a tech center in Hyderabad to ensure all data is stored exclusively on local servers. The Hyderabad center, PayPal’s third technology center in India, will focus on data science, risk management and machine learning to help businesses protect themselves from fraud.

PayPal

PYMNTS

APRIL 29, 2019

” Additional research examined the state of small business finance for Q1, revealing a healthy level of competition between traditional lenders and FinTechs like PayPal vying to capture more of the small business borrowing segment. Nine-and-a-half percent year-over-year earnings growth marked a bright spot for the U.S.

PayPal

PYMNTS

JUNE 21, 2018

PayPal announced Thursday (June 21) that, following on the heels of its acquisition of Hyperwallet earlier this week, it is acquiring Simility , which is a fraud prevention and risk management platform. PayPal said. On Tuesday (June 19), PayPal said it will buy payments payout platform Hyperwallet for $400 million in cash.

PayPal

PYMNTS

OCTOBER 3, 2016

Bancorp, among others, representing the big banks’ best hope of stealing some of PayPal/Venmo’s P2P thunder. Zelle, which will hit the market in 2017, will allow network users to transfer money via an email address or cell phone number that will be instantly available in the recipient’s bank account.

PayPal

PYMNTS

JUNE 19, 2018

PayPal said on Tuesday (June 19) that it will buy payments payout platform Hyperwallet for $400 million in cash. The deal will give PayPal greater strength in eCommerce and online marketplaces, PayPal said in a statement. As for PayPal , it recently bought Jetlore , the artificial intelligence-powered prediction platform.

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 2017.

PayPal

PYMNTS

DECEMBER 30, 2020

Investors say this price rally is different than the one in 2017 and is here to stay , frequently citing cryptocurrency’s increased mainstream presence, such as PayPal ’s recent move to allow its users to deposit and pay with cryptocurrencies. It's made for Grandma, so no one — my kid, Grandma — can mess it up with PayPal.”.

Bitcoin

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SEPTEMBER 6, 2018

PayPal President and Chief Executive Dan Schulman announced on Thursday (Sept. 27, 2017, we announced that we had surpassed 200 million active accounts. ” The strong growth at PayPal comes as the company is gearing up to engage in mergers and acquisitions. “On Feb.

PayPal

PYMNTS

JANUARY 29, 2019

A good time was had by all on PayPal earnings day in 2018 as the digital payments network managed to beat Wall Street expectations in three out of three reported quarters. The question going into tomorrow’s earnings report is will PayPal go 4/4? PayPal Q3 results have set expectations high. Payments transactions were 2.5

PayPal

PYMNTS

AUGUST 29, 2017

Consumers in the Asia-Pacific market are quite aware of the range of digital payment options available to them, but they prefer to pay with cash, according to a new study from PayPal reported by CNBC. However, just 25 percent of consumers in China said they considered cash their preferred spending method.

PayPal

PYMNTS

NOVEMBER 24, 2020

At 6:31 pm EST, the digital currency still hit high, sitting at $19,083.92, as the coin approaches its record price of $19,783, which it hit in December of 2017. Square and PayPal have reportedly been a major instigator in the price rally, buying large quantities of the digital currency.

Bitcoin

PYMNTS

DECEMBER 29, 2016

But while we can’t tell you what will happen next, we can (and will) tell you who and what to watch when it comes to mobile payments in 2017. 1, 2017, those questions will start being answered for us. So, what are our favorite questions for next year? Are we finally good on “…” Pay services?

Mobile Payments

PYMNTS

NOVEMBER 13, 2020

Last month, PayPal and Venmo began offering a credit card that features users’ QR codes , which allows the platform’s more than 60 million customers to shop, split purchases and earn cash back wherever Visa cards are accepted. As for the inroads QR codes may be making toward greater visibility, if not ubiquity: The U.S.

Contactless Payments

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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

MARCH 20, 2018

Bank of America announced news on Tuesday (March 20) that customers can now add multiple credit and debit cards to their PayPal account without having to use a laptop or desktop computer. The ability to add cards within PayPal will come later this year, the company said.

Debit Card

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DECEMBER 7, 2018

In the case of mobile payments and commerce, the last five years in the history of Braintree —since it was bought by PayPal — serves as a look not only at the growth of mobile checkout and transactions, but a glimpse into the future of that vital channel. Some famous English writer in the olden days wrote something along those lines.

PayPal

PYMNTS

DECEMBER 17, 2020

CNBC quoted Eric Demuth, CEO of cryptocurrency trading app Bitpanda, as saying that “this run is completely different from the one in 2017.” But it may be the emerging-use cases through companies like PayPal that determine whether bitcoin’s surge will be long-lasting or ephemeral. Bitcoin is like a [crypto] 101 version.

Bitcoin

PYMNTS

OCTOBER 23, 2017

As of 2017, half of all online customers are regularly making purchases in digital marketplaces. PayPal wants to help midwife that change along and is doing so today with the release of PayPal for Marketplaces. By the year 2020, nearly 40 percent of all online retail is expected to be housed in marketplaces.

PayPal