PayPal and Venmo to move into in-store payments ‘next year’
PayPal is to begin a major new push into in-store payments next year, under both the PayPal and Venmo brands and using both NFC and QR codes, CEO Dan Schulman has told Axios... More
Dan Schulman
PayPal to develop digital wallet for Uber
Uber is to extend its partnership with PayPal to explore future commercial payment collaborations, including the development of a digital wallet for the on-demand transport firm... More
PayPal CEO: Digital payments could become a $100tn market
PayPal CEO predicts digital payments industry will mature into a $100 trillion market — CNBC — “PayPal CEO Dan Schulman told CNBC that the digital payments industry may become a US$100tn market as the financial technology sector continues to grow rapidly… ‘We live in the space of digital commerce and digital commerce is exploding still around the world,’ he said. ‘There’s an explosion in digital commerce and we’re riding that wave.'”
PayPal ‘ready to spend $3bn a year on acquisitions’
PayPal to spend $3 billion a year on M&A — Reuters — “PayPal Holdings Inc is on the lookout for further acquisitions following its recent takeover of iZettle, the Swedish fintech startup, for $2.2bn… ‘We have a healthy balance sheet and we are ready to put it to work to buy more companies,’ president and CEO Dan Schulman told Germany’s Handelsblatt… Paypal is ready to invest up to $3bn a year on acquisitions that enable it to acquire specific capabilities, Schulman added.”
PayPal to let Citibank and Chase customers pay with loyalty points
Citibank and JPMorgan Chase customers across the US will soon be able to make online purchases using loyalty points as currency at “millions of merchants” that accept PayPal... More
PayPal chief dismisses Apple Pay challenge
PayPal chief dismisses Apple Pay challenge — The Telegraph — “Dan Schulman said the forthcoming Apple Pay Cash service did not have the advantages of PayPal’s peer-to-peer payments services… Mr Schulman suggested it would struggle to gain traction because it is not available on non-Apple devices, unlike PayPal.”
PayPal’s mobile payments volume sees 55% increase in 2016
Mobile payments accounted for a third of PayPal’s overall payment volume during the fourth quarter of 2016, the company’s CEO Dan Schulman has revealed, with the total volume of mobile payments increasing by 55% over the course of last year. More
PayPal extends NFC acceptance in US via Mastercard
US consumers will soon be able to make NFC mobile payments using PayPal at the point of sale wherever Mastercard is accepted... More
PayPal to roll out NFC mobile payments across the US through Visa deal
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. More
PayPal CEO announces NFC payments expansion
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. More
PayPal to add NFC payments to Android app
An upcoming version of PayPal’s Android app is to bring with it NFC payments capability, the online payment giant has announced at Mobile World Congress... More
PayPal begins piloting NFC and records 40% growth in mobile payments
Online payments giant PayPal has revealed it is again testing NFC, though the company’s president has made clear that he’d like the company’s platform to be technology agnostic and he doesn’t see the long-term success of NFC as assured... More
Transcript: eBay CEO John Donahoe discusses the future of PayPal as an independent company
“We want PayPal to be present whenever and wherever consumers want to pay so if that means being in other wallets, if that means being in any existing or other new ecosystems where payment occurs, our desire is to be a payments platform that can enable payments in any of those environments,” says eBay’s CEO. More
eBay to spin off PayPal as a separate company in 2015
eBay Inc is to be split into two separate publicly traded companies in 2015, the company has announced — and Dan Schulman, president of American Express’ enterprise growth group, has been hired as the new president of PayPal as well as CEO-designee post-spin off... More
Isis phones to come with Amex prepaid card
“The new co-branded account will be offered in every Isis Mobile Wallet as a part of a nationwide launch later this year, enabling millions of Americans to tap and pay using their American Express Serve account,” the financial services giant says. More