PayPal, which has offered consumer financing since 2008, is selling $6.8 billion in receivables to Synchrony Financial, with which it is expanding its consumer credit relationship. The Wall Street Journal called it a long-awaited deal that will give PayPal significant Read more
PayPal launched a new solution for marketplaces and ecommerce platforms. A PayPal spokesperson told EcommerceBytes: “PayPal for Marketplaces is a new payments solution designed specifically for marketplaces and crowdfunding platforms where people buy and sell goods and services or raise Read more
Facebook users can now choose PayPal as a funding source when making a payment to a friend inside Facebook Messenger. PayPal made the announcement on Friday and also announced its first customer service bot for Messenger, so PayPal customers can Read more
PayPal appointed a former IBM executive with experience in developing new strategic growth opportunities and and expansion in Africa to its Board of Directors. Rodney C. Adkins is currently President of 3RAM Group LLC, a privately held company specializing in Read more
PayPal CEO Dan Schulman will host a Facebook Live of PayPal’s Tech Expo with the company’s Chief Technology Officer Sri Shivananda to showcase some of its latest innovations. The Technology Expo is annual event where technologists across PayPal convene at Read more
PayPal announced its plans to acquire Swift Financial, a provider of working capital solutions to small businesses. PayPal had jumped into the lending business in 2013 when it launched PayPal Working Capital, after it saw how other businesses such as Read more
PayPal partnered with Skype to allow users in 22 countries to send money to other Skype users with PayPal via their Skype mobile app. PayPal’s Vice President of Global Consumer Product & Xoom John Kunze made the announcement on the Read more
Bank of America and PayPal entered into a strategic partnership that will soon allow Bank of America customers to pay for items with PayPal in stores and seamlessly link their Bank of America cards into PayPal. Press release follows: Bank Read more
A week after announcing it would be accepted as a payment method by Apple, PayPal announced it would soon be an accepted payment method in the Samsung Pay mobile wallet. PayPal’s Bill Ready explained the strategic partnership would enable customers Read more
Two years to the day PayPal went public after the breakup of eBay Inc., PayPal’s CEO Dan Schulman announced some new partnerships with Citi and JPMorgan Chase. Schulman said the partnership with Chase would drive more choice, flexibility and value Read more
