Paypal

PayPal forecasts strong full-year profit, says CEO to retire at year-end

The company's upbeat forecast also comes alongside its previously announced commitment of lowering expenses in the backdrop of its key e-commerce segment feeling the pinch of a slowdown

Paypal to cut 2,000 jobs in push to trim costs amid economic slowdown

While we have made substantial progress in right-sizing our cost structure, and focused our resources on our core strategic priorities, we have more work to do: Dan Schulman

Genesys appoints Paypal's Deepa Madhavan as Country Head for India

Cloud customer experience and contact centre solutions provider Genesys on Tuesday announced the appointment of Deepa Madhavan as the India-Country Head. Deepa Madhavan, in her new role would continue the development of Genesys cloud technologies and engagement of teams across all functions in Genesys India, a company statement said. She would manage, support and grow the company's research and development centre in Chennai, the second largest such facility for Genesys globally. The Chennai centre hosts employees working in product management, professional services, customer care, engineering, finance and sales and other support functions. "Deepa joins us at a time when we are pushing forward with our focus on cloud innovation, maximising customer value and driving business growth. Deepa is a people-centric leader with the ability to successfully grow and build high performing teams from the ground up," Genesys managing director and vice-president ASEAN and South Asia, Stephen Hami

Musk slams PayPal's policy to fine users over spreading misinformation

Digital payments company PayPal, co-founded by Elon Musk, has taken a U-turn on a controversial policy that sought to fine its users $2,500 for spreading "misinformation" on its platform

India team working on core aspects of crypto products: PayPal's Aoki

Company committed to rules and can 'ease the minds of regulators', says executive about Indian concerns on digital assets

Pine Labs acquiring fintech infrastructure start-up Setu for $70-75 mn

Pine Labs, backed by investors such as Sequoia Capital, PayPal, and Mastercard, competes with fintech companies such as BharatPe, Mswipe, Paytm, and Razorpay

A coming crypto storm for central banks? Focus on digital money intensifies

Fed is debating whether to develop a digital currency, as are most central banks around the world. A decision has not been made, and officials say it would take congressional approval to move forward

The PayPal mafia

The gist of the PayPal history is known to those who follow Silicon Valley history

PayPal enables customers to send money to Ukrainians amid Russia war

PayPal said on Thursday that its users will now be able to send money to Ukrainians, both in the war-ravaged country as well as those now refugees across Europe. Previously, people in Ukraine were only able to use the payments platform to send money out of the country. They will now be able to receive funds, as well as make transfers within Ukraine and abroad. It's the latest measure by banks and other financial services companies looking for ways to help Ukrainians impacted by Russia's invasion. PayPal cut off Russia from its services last week. Since the war began, Americans and other supporters of Ukraine have been looking for ways to financially support Ukrainian refugees as well as those still in the country. People have booked Airbnbs in Kyiv or sent cryptocurrencies to Ukrainians. Money transfer companies like MoneyGram and Western Union have seen surges in demand as people look for ways to send money to friends and family in the region. PayPal, which is based in San Jose,

Paypal suspends services in Russia citing Moscow's aggression in Ukraine

Paypal Holding Inc suspended its services in Russia, citing Moscow's 'violent military aggression in Ukraine', Paypal President and CEO Dan Schulman said in a letter to the Ukrainian government.

52% of Indian MSMEs saw a positive impact post pandemic: PayPal survey

Study says 29% of MSMEs felt business environment in India became more favourable for online sales; for 31% cross-border opportunity was promising

PayPal profit rises above estimates in Q3 as more people shop online

Net revenue in the third quarter rose over 13% to $6.18 billion.

PayPal says it is currently not pursuing Pinterest acquisition

Some analysts now think Pinterest could attract interest from other bidders down the road

PayPal denies pursuing acquisition of Pinterest after report of $45 bn deal

A source told Reuters that PayPal had offered $70 per share, mostly in stock, for Pinterest.

PayPal shows ambition to be a 'super app' with Pinterest pursuit

Pinterest is a visual search and scrapbooking platform that lets users save, collect and group images by theme

Sanjay Bhargava to join Musk's Starlink as India Country Director

PayPal veteran Sanjay Bhargava has announced that he is all set to serve tech billionaire Elon Musk's SpaceX as Starlink Country Director India starting October 1.

Paypal to buy Japanese unicorn Paidy in $2.7 bn deal, take industry lead

The deal tracks rival Square Inc's agreement last month to buy Australian BNPL success story Afterpay Ltd for $29 billion

India is bedrock of development capabilities, will continue to hire: PayPal

Digital payment solutions provider PayPal said India is the "bedrock" of its development capabilities and it continues to hire aggressively in the country to further build and drive the teams

PayPal Holdings launches crypto buying and selling in the UK

Rollout is first international expansion of company's cryptocurrencies outside the US

PayPal to research transactions that fund hate groups, extremists

PayPal is partnering with non-profit organisation Anti-Defamation League to investigate how extremist and hate movements in US take advantage of financial platforms to fund their criminal activities