Ecommerce Industry News
PayPal made more inroads in China, announcing on Wednesday a partnership with UnionPay International. The companies said they will work together to accelerate the growth of their mutual networks. PayPal has committed to supporting UPI […]
Two big do-good announcements came from PayPal this week – it’s helping charities and fighting crime. On Thursday, PayPal announced it processed a record $10.3 billion in donations to charities around the world in 2019. […]
PayPal expanded its international reach through a new agreement with MercadoLibre, one of the largest online commerce and payments ecosystems in Latin America. PayPal CEO Dan Schulman made the announcement in a post on LinkedIn […]
Departing PayPal executive Bill Ready confirmed via Twitter he’s heading to Google as its new President of Commerce. Indications of what this means for Google can be found on his LinkedIn bio, where he states […]
Almost a quarter (24%) of British businesses allow customers to make transactions through their social media channels, according to PayPal, which says that number will double over the next 6 months. That means shoppers will […]
PayPal will acquire a developer of shopping tools for $4 billion. Honey Science Corporation describes itself as a tech company that builds tools to help people save time and money when shopping online. In its […]
John Donahoe stepped down as CEO of eBay in July of 2015 and got a gig at ServiceNow, an enterprise cloud company. Last month came the surprising news that he is taking over the top […]
PayPal launched its small-business lending program in Canada, it announced on Monday. “This will enable small business owners to easily access loans of $5,000 to $100,000 at competitive prices,” it stated. It’s inviting a subset […]
PayPal pulled out of the entity overseeing Facebook’s new crypto currency initiative. PayPal was reportedly spooked by backlash from regulators in and outside of the US. Facebook had announced the Libra Association in June, an […]
PayPal acquired a 70% stake in Chinese company Gopay, becoming the first foreign company to acquire a payments license in China, according to the Financial Times. The UK newspaper said China’s online payments market is […]