Visa expands Fast Track Program to enable next generation of Fintechs to rebuild the global economy
Nov20

Visa expands Fast Track Program to enable next generation of Fintechs to rebuild the global economy

The COVID-19 pandemic has created major financial challenges for businesses and consumers alike. As money management becomes increasingly digital, fintechs play a pivotal role in helping to restore and rebuild the global economy. To provide increased support for the ecosystem, Visa today announced two new components of its fintech Fast Track program: 1. A rich Partner Toolkit to help fintechs accelerate their growth and better serve...

Read More
PayPal launches ‘Pay in 3’ buy now, pay later loans to aid UK businesses of all sizes
Oct15

PayPal launches ‘Pay in 3’ buy now, pay later loans to aid UK businesses of all sizes

PayPal today announced the launch of PayPal Pay in 3, enabling UK businesses of all sizes to offer buy now, pay later payments without taking on additional risk or paying additional fees. Through PayPal Pay in 3, businesses can offer their customers the option of making purchases between £45 and £2,000 by paying over three, interest-free payments, with seamless automatic re-payments each month. PayPal Pay in 3 will also appear in the...

Read More
PayPal and Mastercard expand debit card offering to more European businesses
Sep29

PayPal and Mastercard expand debit card offering to more European businesses

PayPal and Mastercard announced that they are continuing the global expansion of the popular PayPal Business Debit Mastercard. The debit card makes it easier for small businesses to have instant access to their PayPal funds and gives them unlimited 0.5% cash back on all their eligible spending. The PayPal Business Debit Mastercard is now available in five new European countries – Austria, France, Ireland, Italy and Spain –...

Read More
QuickBooks backs small business recovery with the launch of new digital tools
Jul21

QuickBooks backs small business recovery with the launch of new digital tools

Intuit QuickBooks, the UK’s leading financial management software, today launches a host of innovative product tools as part of its Summer Product Release to support small businesses in their recovery following COVID-19 and improve long-term resilience. The new tools include an updated cash flow planner; PayPal integration into the software; an updated payroll function to manage furloughed workers and streamlined product features for...

Read More
Touch-free authentication for all: why we need a safer payment method in the ‘new normal’
Jul09

Touch-free authentication for all: why we need a safer payment method in the ‘new normal’

By David Orme, SVP, Sales & Marketing, IDEX Biometrics ASA Ever since March, when the World Health Organization encouraged people to not use cash, coronavirus has made touch-free shopping a necessity for all consumers. However, as economies across the world begin to reopen, we are seeing in-person shopping and payment via touch-pads return. So, with payments beginning to return to ‘normal’, the global payments industry must now...

Read More
CoinCorner comments on rumours around a possible new Bitcoin service by PayPal
Jun23

CoinCorner comments on rumours around a possible new Bitcoin service by PayPal

Danny Scott, CEO at CoinCorner, commented: “Rumours have been circulating that PayPal is rolling out a service that will allow its 325 million customers to buy and sell Bitcoin. “Until now, PayPal has seemingly shown no interest in Bitcoin – founding CEO, Bill Harris has even publicly denounced Bitcoin in the past. “However, PayPal did add Wences Casares (CEO of a Bitcoin exchange) to their board back in 2016 and now seem to...

Read More
Tink extends open banking support for PayPal and receives strategic investment
Jun03

Tink extends open banking support for PayPal and receives strategic investment

Tink and PayPal’s extended commercial agreement now includes all countries within the European Economic Area (EEA). As a first step, PayPal will implement Tink’s open banking and account aggregation technology into some user experiences for customers. The expanded relationship is supported by a second strategic investment from PayPal, carried out in connection to Tink’s latest €90 million investment round that was announced in January...

Read More
PayPal Quarterly Payments Jump 85% in Three Years to Hit 3.2 billion in March 2020
May26

PayPal Quarterly Payments Jump 85% in Three Years to Hit 3.2 billion in March 2020

Smart devices and a booming global eCommerce market have driven the rapid adoption of digital payments worldwide. Digital payments have changed the payment industry traditionally dominated by cash and credit cards, offering consumers lower fees and faster transfers at the touch of a button. As one of the first and biggest players in the digital payments landscape, PayPal has played a huge part in building a cashless society, with...

Read More
The Fintech Fix: Magical Movements in Fintech
May22

The Fintech Fix: Magical Movements in Fintech

In this week’s episode of The Fintech Fix, we will be covering the end of an era for Monzo, Paypal is launching its QR code payment method and Standard Chartered is looking to create their own fintech Hogwarts!...

Read More
PayPal rolls out QR Code payments  for a Touch Free way to buy and sell in-person
May19

PayPal rolls out QR Code payments for a Touch Free way to buy and sell in-person

PayPal Holdings, Inc. has today rolled out the ability to use QR Codes to buy and sell goods in the UK and 27 markets around the globe. From local takeaway coffee shops to selling secondhand goods – the rollout of the QR code functionality in the PayPal app allows customers to buy or sell in in-person, safely and securely, and touch free.   “We know that in the current environment, buying and selling goods in a health-conscious,...

Read More
Fairfx.com is the nation’s most recommended credit card or payment services provider
Feb19

Fairfx.com is the nation’s most recommended credit card or payment services provider

New analysis released today by YouGov names Fairfx.com, the online foreign exchange platform, is the UK’s most-recommended credit card or payment services provider in the UK. YouGov’s 2020 Recommend rankings reveal the brands with the highest percentage of their own customers recommending them to friends or colleagues. Fairfx.com’s strong performance comes as the company is rebranding to Equals.co. The new-look service promises to...

Read More
BofA Merrill Launches Global Digital Disbursements in Collaboration With PayPal
Feb01

BofA Merrill Launches Global Digital Disbursements in Collaboration With PayPal

U.S. Commercial Clients Can Now Disburse Funds in Other Currencies and Countries via PayPal Bank of America Merrill Lynch (BofA Merrill) is pleased to announce a collaboration with PayPal that will allow the bank’s U.S.-based commercial clients to make payments in local currencies to payees who hold PayPal accounts. The payments, which are initiated through BofA Merrill’s Global Digital Disbursements product, can be made from the U.S....

Read More
TransitNet Launches Blockchain Protocol to Protect Digital Assets
Jan25

TransitNet Launches Blockchain Protocol to Protect Digital Assets

CapLinked, backed by Founders Fund and Alphabit Fund, announces TransitNet to Secure Enterprise Transactions on the Blockchain CapLinked announced TransitNet™, an open and unified blockchain framework for protecting digital assets and permanently recording data access during enterprise transactions. The TransitNet protocol will be accessible via an API and used to apply protections and activity tracking for information exchanging...

Read More
Azimo’s Momentum Continues with Triple-Digit Growth As Online Remittance Booms  
Oct19

Azimo’s Momentum Continues with Triple-Digit Growth As Online Remittance Booms  

Company attracts top talent from PayPal as demand heats up in international money transfer market Azimo announced triple-digit growth across virtually every metric – including transactions sent, gross transaction volume, and revenue – as online remittance from the diverse communities of Europe to the rest of the world booms. For example, over the past 12 months, Azimo saw a 236% increase in the amount of money sent to...

Read More
Mastercard and PayPal Expand Digital Partnership Globally
Oct06

Mastercard and PayPal Expand Digital Partnership Globally

The global agreement expands the partnership to now include Europe, Canada, Latin America and the Caribbean and the Middle East and Africa Mastercard and PayPal announced a significant expansion of their longstanding partnership into Europe, Canada, Latin America and the Caribbean and the Middle East and Africa to enhance customer choice, optimise the consumer experience and make Mastercard a clear payment option within PayPal across...

Read More
UK SMEs Ignore the Success of the Smartphone
Oct03

UK SMEs Ignore the Success of the Smartphone

With mobile shopping estimated to hit £27 billion in 2017, only 18% of the UK’s small businesses have mobile-friendly websites British small businesses could be failing to cash in on the boom in mobile shopping by not having websites that automatically adapt for the different screen sizes of smartphones and tablets, according to new research from PayPal. A UK-wide survey of more than 2,000 small businesses and 2,000 consumers reveals...

Read More
PayPal Narrows SME Funding Gap with £400m of Cash advances
Jun27

PayPal Narrows SME Funding Gap with £400m of Cash advances

PayPal revealed its small business financing scheme has provided more than £400 million to British small businesses. Since the digital payments pioneer launched PayPal Working Capital in 2014, over 22,000 business owners have secured much needed funding across a variety of industries and sectors. This new milestone marks a 116% increase in total cash advances in the last year. Following the credit crunch, businesses have struggled to...

Read More
ThinkMarkets Implements PayPal for Global Payments Coverage
Mar16

ThinkMarkets Implements PayPal for Global Payments Coverage

ThinkMarkets has enhanced its payment offering with the launch of PayPal. The new payment solution enables ThinkMarkets’ global user-base to deposit and withdraw funds through PayPal’s international network. With the addition of PayPal as a funding method, ThinkMarkets’ users will be able to deposit funds into their trading accounts on the MetaTrader 4 and ThinkTrader platform in a quick, efficient and secure way. Commenting about the...

Read More
FIS Embeds Financial Institutions in Digital Payments with PayPal Partnership
Dec16

FIS Embeds Financial Institutions in Digital Payments with PayPal Partnership

FIS and PayPal have partnered to increase customer engagement and drive incremental digital spend with FIS’ banking partners. Together, the companies will make it easy for consumers who bank with FIS clients to link a payment card or other financial account to a new or existing PayPal account, and simply display the financial institution’s brand within PayPal. The partnership also will allow those financial institution customers to...

Read More
Over $2 Billion of Funding Provided to Small Businesses by Pay Pal Working Capital
Jul07

Over $2 Billion of Funding Provided to Small Businesses by Pay Pal Working Capital

  Today, PayPal announces that it has provided $2 billion of funding to more than 90,000 SMEs globally through PayPal Working Capital – its small business finance programme. The milestone comes three years after the launch of PayPal Working Capital in the United States in 2013, and less than 12 months after the global $1 billion mark was achieved in November 2015. The programme underlines PayPal’s commitment to democratising...

Read More
X