Online payments giant PayPal said yesterday it will halt domestic financial transactions within India, bowing out of a vast market buoyed by recent coronavirus restrictions. Multinational giants, including WhatsApp, Google, and Alibaba, have for months been locked in a tense battle over the fast-growing digital payments market in the nation […]
PayPal becomes first foreign firm in China with full ownership of payments business
PayPal Holding Inc has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data, as the U.S. fintech giant eyes a bigger foothold in a booming market for online payments. PayPal acquired the 30% stake it doesn’t already own in China’s […]
PayPal blocks website that helped raise funds for Capitol protesters
PayPal Holdings Inc. blocked the Christian crowdfunding site GiveSendGo after it helped raise funds for people who attended last week’s violent event in Washington, D.C., according to a person familiar with the matter. The payments giant also closed an account held by Ali Alexander, one of the organizers of the […]
Vodafone joins Visa, Mastercard, PayPal, leaves Facebook’s Libra organisation
Britain’s Vodafone Group PLC has left the entity that manages the Facebook Inc led effort to launch Libra, a global digital currency, Libra Association said on Tuesday. The association has seen an exodus of its backers including financial companies PayPal Holdings Inc, Visa and Mastercard Inc amid regulatory scrutiny. Facebook […]
Ex PayPal COO to become new Google Commerce chief
Google has turned to departing PayPal executive Bill Ready to fill up the position of the new president of commerce at the company. Earlier in June, PayPal had announced its COO Ready would be leaving the company at the end of this year. Ready will officially join Google in January and […]