Page 3 - Paypal
PayPal becomes first foreign firm in China with full ownership of payments
PayPal has become the first foreign operator with 100% control of a payment platform in China, according to Chinese government data
 "PayPal becomes first foreign firm in China with full ownership of payments")
Rs 9.6 mn penalty on PayPal for violating anti-money laundering processes
The penalty was issued by India's Financial Intelligence Unit (FIU)
 "Rs 9.6 mn penalty on PayPal for violating anti-money laundering processes")
US company PayPal partners with Razorpay to help small businesses go global
The partnership will make international payments seamless and safer, reducing wait time from days down to minutes
PayPal tops estimates amid surge in online shopping but outlook disappoints
For the fourth quarter, PayPal expects adjusted profit to grow in a range of 17% to 18%, below analysts' estimated growth of about 24%,
Bitcoin rallies to reach highest level in over a year with PayPal support
Breaches $13,000, experts feel this will bolster acceptance of crypto in India
 "Bitcoin rallies to reach highest level in over a year with PayPal support")
PayPal users can hold virtual coins, shop using cryptocurrencies
The new service makes PayPal one of the largest US companies to provide consumers access to cryptocurrencies
PayPal to allow cryptocurrency buying, selling and shopping on its network
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
PayPal entry punishes Australia's pricey buy-now-pay-later stocks
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
Paypal reports 86% jump in Q1 profit due to e-commerce growth; stock up 6%
The company expects earnings per share for the full year to increase about 25% on 22% revenue growth
 "Paypal reports 86% jump in Q1 profit due to e-commerce growth; stock up 6%")
How to make marketplace lending safe
RBI needs to handle fintechs with care, so that innovation, necessary for inclusion and cost-effective, fast transactions, is not stymied
Fintechs see inflexion point as Covid-19 gives fillip to digital modes
Fintechs are at an inflection point with the Covid-19 pandemic giving a huge fillip to digital modes, reports Raghu Mohan
 "Fintechs see inflexion point as Covid-19 gives fillip to digital modes")
Facebook, Paypal invest in Indonesian digital payments firm Gojek
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
 "Facebook, Paypal invest in Indonesian digital payments firm Gojek")
How Coronavirus may have given global markets their worst week since 2008
Hopes that the epidemic would be over in a few months and economic activity would return to normal have been shattered, as new infections reported around the world now surpass those in China
 "How Coronavirus may have given global markets their worst week since 2008")
Coronavirus outbreak: After Mastercard, now PayPal expects a revenue hit
"We currently estimate the negative impact from COVID-19 to be an approximate one percentage point reduction, to PayPal's year-over-year revenue growth for the first quarter," the company said in a s
Top headlines: Adani joins race for Air India, Trump inks arms deal, more
From Donald Trump inking arms deal with India to coronavirus scare, here are the
 "Top headlines: Adani joins race for Air India, Trump inks arms deal, more")
US major PayPal set to launch UPI-based digital payments in India
Its entry will increase competition especially when WhatsApp too has received approvals to launch payments
PayPal becomes first member to exit Facebook's Libra cryptocurrency group
International outcry is mounting over Libra -- with central banks, governments and regulators railing against Facebook's upstart cryptocurrency and questions over how it would be regulated
 "PayPal becomes first member to exit Facebook's Libra cryptocurrency group")
Australia probes PayPal over child abuse payments
The Australian Transaction Reports and Analysis Centre (AUSTRAC) will appoint an external auditor to examine what it calls "ongoing concerns" over PayPal's alleged breaches
PayPal considers data localisation for India, sets up operating centre
The RBI had, in April last year, asked payment firms to ensure their data were stored exclusively on local servers, setting a tight six-month deadline for compliance
PayPal cuts off Alex Jones' Infowars, joining other tech companies
Most of the firms said the site had violated their policies by promoting hate speech and misinformation
