Category: PayPal

PayPal Says It Is Not Pursuing Pinterest Acquisition

October 25, 2021
AcquisitionBusiness & EconomyCompaniesEconomieseconomyMarketsPayPalpinterestSocial MediaTechTech NewsUSUS News
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PayPal Inc. is not pursuing an acquisition of Pinterest Inc. at this time, the payments company said late on Sunday, responding to media reports that it was in talks to buy the digital pinboard site for as much as $45 billion. PayPal shares rose 6.2 percent to $255.20 in premarket trading on Monday, while those…

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Adobe Jumps Into E-commerce Payments Business in Challenge to Shopify

September 16, 2021
AdobeBusiness & EconomyCompaniese-commerceInternationalPayPalShopifyUSUS NewsWorld
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Adobe Inc on Wednesday said it will add payment services to its e-commerce platform this year to help merchants accept credit cards and other ways of paying, deepening a rivalry with e-commerce firm Shopify Inc. Adobe started providing software to help retailers run their online stores in 2018 when it purchased Magento Commerce from private…

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PayPal’s $2.7 Billion Japan Deal Heats up Buy Now, Pay Later Race

September 8, 2021
Asia & PacificBNPLBusiness & EconomyCompaniesdealeconomyJapanPayPalUSWorld
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U.S. payments giant PayPal Holdings Inc said it would acquire Japanese buy now, pay later (BNPL) firm Paidy in a $2.7 billion largely cash deal, taking another step to claim the top spot in an industry experiencing a pandemic-led boom. The deal tracks rival Square Inc’s agreement last month to buy Australian BNPL success story…

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PayPal to Allow Users to Withdraw Cryptocurrency to Third Party Wallets

May 26, 2021
BusinessCompaniesEconomieseconomyPayPalUSUS News
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PayPal Holdings Inc said on Wednesday it plans to allow users to withdraw cryptocurrency to third party wallets. The San Jose, California-based company, which opened its platform to digital currencies last October, at present does not let users move cryptocurrency holdings off its platform. The news was earlier reported by Coindesk, citing comments from Jose…

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PayPal to Buy Israeli Digital Asset Security Provider Curv

March 8, 2021
Asia & PacificBusinessCompaniesdigital currenciesInternationalIsraelPayPalUSWorld
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PayPal Holdings Inc said on Monday it would buy Israel-based digital asset security provider Curv, as the payments processor looks to strengthen support to cryptocurrencies. The terms of the deal, which is expected to complete in the first half of 2021, were not disclosed. Curv would be part of PayPal’s recently created cryptocurrencies-focused unit. PayPal…

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