News stories featuring PayPal:
October 25th, 2016
Online payments firm PayPal is to extend its relationship with Facebook and Messenger, becoming a payment option within the messaging app. PayPal customers will be able to link their accounts to Facebook and Messenger at the checkout, while those in the US will also be able to get notifications in Messenger. Bill Ready from PayPal said the deal would “help make mobile commerce smarter, simpler and more secure for consumers as well as merchants”.
October 25th, 2016
In-store mobile payments have experienced a “long and difficult road” but the functionality is now starting to resonate with consumers, PayPal’s EVP and chief operating officer Bill Ready has told attendees during a keynote at Money20/20….
October 24th, 2016
America’s biggest banks have launched a money-transfer app to compete with PayPal, Venmo and Square Cash, Reuters reports. Zelle, developed by bank-owned Early Warning Services, is built on top of a payments network that connects the country’s five biggest banks — and others — including Chase, Citi and Bank of America. Another 20 banks will be added early next year. “This is about creating a wide, and inclusive, alternative to cash and checks for everyone,” says Early Warning Services chief executive Paul Finch.
October 18th, 2016
Nearly one in five US smartphone owners (18%) have now used a mobile payment app, research released by Parks Associates reveals, with PayPal proving to be the most popular among all US smartphone users with…
October 10th, 2016
Vodafone customers in the UK can now make NFC mobile payments through PayPal using Vodafone Wallet at any contactless terminal as well as across the Transport for London (TfL) network and on National Rail services…
September 13th, 2016
Businesses across the US will now be able to sell products and services through Facebook’s Messenger app. An update to the social network’s recently launched Messenger chatbot platform will enable bots to accept payments without having…
September 9th, 2016
The PayPal-owned Venmo mobile payments app may soon allow users to make in-store purchases using NFC. PayPal is also adding NFC mobile payments to its PayPal Wallet through an agreement reached with Visa in July 2016 and the Mastercard deal announced this week. “Venmo and its parent company, PayPal, are adding in-store payments to their mobile apps in the first half of 2017,” Quartz reports. “Jim Magats, PayPal’s head of global core payments, tells Quartz that PayPal is in discussions with Apple to see how they can work together in the future.”
September 7th, 2016
Visa Checkout will soon be offered as a service for US retailers using the PayPal-owned Braintree payments platform. “Visa Checkout will be available to US merchants through Braintree’s SDK in early 2017,” PayPal says. “Visa Checkout now has more than 14m consumer accounts. Hundreds of thousands of merchants and more than 900 financial institution partners now offer Visa Checkout in 16 countries around the world; expansion into five additional European countries and India will take place by the end of 2016.”
September 6th, 2016
US consumers will soon be able to make NFC mobile payments using PayPal at the point of sale wherever Mastercard is accepted. The strategic partnership between the two companies will also enable Masterpass as an…
August 16th, 2016
More than three quarters of US retailers (76%) plan to accept Apple Pay by the end of 2017, research released by the National Retail Federation and Forrester reveals.
July 28th, 2016
Bitcoin wallet Coinbase has expanded into Australia. “Customers in Australia can now buy Bitcoin and Ether using their credit and debit cards,” the company says. “Please note that at this time, users in Australia can only buy digital currency. We hope to add the ability to sell digital currency as well soon.” Coinbase added PayPal and credit card support in June 2016.
July 27th, 2016
Users of the PayPal-owned Venmo mobile payments app will soon be able to make purchases in third party mobile apps using the service. “The feature has expanded to more than ten vibrant merchants that we know our core users will love — Munchery, Gametime, Priv, Poshmark, Hop Market, Wish, Parking Panda, Dolly, Urgentli, Boxed and, most recently, delivery.com will now accept Venmo payments,” PayPal says.
July 25th, 2016
US consumers will soon be able to make NFC mobile payments using their PayPal mobile wallet at all physical locations across the country that currently accept Visa contactless transactions.
July 4th, 2016
More than 25% of US smartphone owners make use of mobile payment apps at least once a month, research from Parks Associates reveals. “More than 3m retailers combined accept Apple Pay and Android Pay, but consumers currently prefer retailer-specific apps such as the Starbucks payment app,” the firm says. “The most dominant payment app is currently PayPal, which is used by one in five smartphone owners.” Retail branded apps take second place, followed by Google Wallet/Android Pay and Apple Pay in third.
June 27th, 2016
Customers of Vodafone Italia can now make NFC mobile payments through PayPal using the mobile network operator’s Vodafone Wallet. The service will allow for in-store payments at any Visa contactless terminal across the country.
June 27th, 2016
More than two thirds of Indian millennials (67%) have purchased goods online and in-store using their mobile phone, research from ACI Worldwide reveals. “For those who shop using their mobile device, they do so more frequently — and with lower transaction values — than non-millennials,” the research firm says. “More than a third of respondents prefer alternative payments (e.g. PayPal, Alipay) for mobile-initiated purchases.”
June 27th, 2016
Bitcoin wallet Coinbase has added support for PayPal and credit cards. “Through this integration, Coinbase users are now able to sell Bitcoin and have their USD funds deposited to a PayPal wallet,” Coinbase says. “To start, we’re offering PayPal cash-out for US users only. In the future, we hope to add support for other countries, and to support buys through PayPal as well. Both services are currently in beta. We’ll invite more users to each service over the next few weeks.”
June 22nd, 2016
PayPal will “hurt” from the launch of Apple Pay on the web, according to Piper Jaffray analyst Gene Munster. “Munster has confidence in merchant adoption of Apple Pay for the web, predicting that as many as 43% of PayPal’s merchants will accept Apple Pay at launch,” AppleInsider reports. “He believes that PayPal may be hurt, in part, by the fact that it does not feature a customer loyalty program.” Apple announced its plans to launch Apple Pay for online payments at WWDC last week.
June 16th, 2016
The UK startup behind the Kerv NFC payments ring has teamed up with payment solutions provider PSI-Pay to enable a greater range of payment options on the device. “The partnership utilises PSI-Pay’s MasterCard licence which will enable users of the Kerv contactless payment ring to pay in 38m locations worldwide,” Kerv says. “Users will be able to fund their account via debit or credit card, bank transfer or PayPal.” Kerv launched a fundraising campaign on Kickstarter in October 2015.
April 29th, 2016
Vodafone Wallet with PayPal NFC-enabled payments is now live in Spain and is expected to be made available across Europe throughout the “back half of 2016”, PayPal CEO Dan Schulman revealed during the company’s Q1 earnings call.
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