You may have known that online marketplace Bonanza accepts PayPal (and has for many years), but you may not have realized that PayPal conducts marketing email campaigns for Bonanza, which is a rival of PayPal’s former parent, eBay. The subject Read more
PayPal grew revenue 18% year-over-year in the fourth quarter of 2019 (foreign currency-neutral), it announced on Wednesday. The number of payment transactions in the quarter – 3.5 billion – was up 21% year over year. Merchant Services volume grew 26%. Read more
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 acceptance globally where PayPal is Read more
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. Over $1 billion of that Read more
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 on Monday, stating in part Read more
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 in a nutshell, “Creating the Read more
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 soon be able to use Read more
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 announcement, PayPal wrote, “Honey, in Read more
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 spot at Nike. Meanwhile returning Read more
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 of PayPal merchants to apply, Read more
