Digital payments major PayPal said the technological shift brought in by blockchain and cryptocurrency can help democratise financial services and bring in greater financial inclusion
Venmo users will be able to buy bitcoin, ethereum, litecoin and bitcoin cash for as little as $1
Customers who hold bitcoin, ether, bitcoin cash and litecoin in PayPal digital wallets will now be able to convert their holdings into fiat currencies at checkouts to make purchases, the company said
The appointment comes along with several other key ones that the company has made recently as its restructuring plan
The hiring will be for the firm's development centres across Bengaluru, Chennai, and Hyderabad
Payments and banking technology firm Cashfree announced a partnership with PayPal
The demand from the US Consumer Financial Protection Bureau was made last month, the digital payment processor said in a regulatory filing
PayPal was a payments options on many Indian online apps such as travel and ticketing service MakeMy Trip, online film booking app BookMyShow and food delivery app Swiggy
PayPal has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data
The penalty was issued by India's Financial Intelligence Unit (FIU)
The partnership will make international payments seamless and safer, reducing wait time from days down to minutes
For the fourth quarter, PayPal expects adjusted profit to grow in a range of 17% to 18%, below analysts' estimated growth of about 24%,
Breaches $13,000, experts feel this will bolster acceptance of crypto in India
The new service makes PayPal one of the largest US companies to provide consumers access to cryptocurrencies
PayPal customers will also be able to use cryptocurrencies to shop at the 26 million merchants on its network starting in early 2021, the company said in a statement
Shares in Australia's Afterpay Ltd tumbled for a second day, as the entry of PayPal into the buy-now-pay-later sector sent investors scrambling to re-price its frothy stocks
The company expects earnings per share for the full year to increase about 25% on 22% revenue growth
RBI needs to handle fintechs with care, so that innovation, necessary for inclusion and cost-effective, fast transactions, is not stymied
Fintechs are at an inflection point with the Covid-19 pandemic giving a huge fillip to digital modes, reports Raghu Mohan
Since its launch in 2015, the Gojek app has helped bring hundreds of thousands of merchants onto its platform, giving them access to more than 170 million people across Southeast Asia