PYMNTS

JANUARY 10, 2020

PayPal made a big acquisition, and Citigroup made a big appointment. PayPal Finalizes $4B Honey Acquisition. Founded in 2012, Honey has grown from an eCommerce price-tracking tool to an expanded suite of services that includes a shopping assistant and rewards program. That and much more is in this week’s PYMNTS Weekender.

PayPal 52

PayPal Economy MSPS Payment Gateways 52

PYMNTS

DECEMBER 11, 2020

Also backed by PayPal, BNP Paribas and ABN Amro, the new funding follows a January round of €90 million, the sources told CNBC. In June, PayPal increased its stake in Tink from its 2019 investment of $11.2 11), citing sources. The new funding round of €85 million was co-led by French private equity firm Eurazeo and Dawn Capital.

FinTech 86

FinTech PayPal Regulations Transactions 86

PYMNTS

JANUARY 10, 2020

PayPal acquired Honey for $4 billion in November and finalized the deal Monday (Jan. The acquisition by PayPal is the largest the company has ever done. Honey was started in 2012 and gets a commission from every sale. PayPal used to be synonymous with eBay, which is an Amazon competitor. It has about 17 million users.

Security 52

Security PayPal Privacy Acquirers 52

PYMNTS

JANUARY 11, 2021

Affirm, founded by PayPal ’s co-founder, Max Levchin , in 2012, offers shoppers monthly installment payments regardless of credit history. At $44 per share price, Affirm would have a valuation in excess of $10 billion, Reuters reported. The offer is being led by Morgan Stanley , Goldman Sachs and Allen & Co.

BNPL 96

BNPL Origination PayPal Security 96

PYMNTS

DECEMBER 17, 2020

Companies like Square , PayPal and Robinhood have made crypto trading possible on their platforms. The IPO filing marks the endpoint of Coinbase's years of development, coming a long way from its 2012 debut to now host around 35 million users. or MassMutual , have disclosed bitcoin holdings as of late.

Bitcoin 108

Bitcoin Cryptocurrency PayPal Security 108

Fintech Labs Insights

JULY 6, 2015

Ahead of its pending split from parent company, eBay, PayPal began trading on Nasdaq this morning on a “when issued” basis under the symbol PYPLV. At noon eastern time, full eBay shares were trading at $61.40, and ex-PayPal eBay were trading at $25.10. PayPal will officially split from eBay on July 20.

PayPal 27

PayPal Accounts Posting 27

Finovate

DECEMBER 15, 2023

” Bold Commerce was founded in 2012 and is headquartered in Canada. Earlier this year, the company teamed up with PayPal to offer the payment technology among its options at checkout. This not only increases conversion for brands, but increases average order value and customer lifetime value as well.”

Payments 52

Payments BNPL PayPal Accounts 52

PYMNTS

JANUARY 13, 2021

Affirm was founded in 2012 by PayPal co-founder Max Levchin , who is still the company's biggest shareholder, with other large owners including Jasmine Ventures, Khosla Ventures, Founders Fund, Lightspeed Venture Partners and Shopify, Bloomberg reported. At $44 per share, Affirm would have a market capitalization of $11.9

PayPal 80

PayPal Security Consumer Payments 80

PYMNTS

MARCH 29, 2020

Tink was formed in 2012. Tink’s services, according to the release, have powered a number of leading banking and fiscal institutions, including PayPal. The company bought Eurobits for 15.5 million euros ($17.2

Acquirers 96

Acquirers Financial Inclusion PayPal Payment Initiation 96

Fintech Labs Insights

FEBRUARY 21, 2017

In a cash deal valued at $233 million ($304 million CAD), PayPal Holdings has agreed to acquire Canada’s TIO Networks. TIO Networks will continue to operate as a service within PayPal after the acquisition, which is still pending shareholder approval. PayPal anticipates completing the acquisition in the second half of 2017.

PayPal 18

PayPal Acquirers Underserved Innovation 18

PYMNTS

JULY 31, 2020

Founded in 2012, Affirm’s business lies in offering shoppers the ability to pay for goods in installments via short-term loans. The company’s chief executive, Max Levchin , became well known earlier in life when he worked with Peter Thiel to co-found the company that would one day become PayPal , WSJ reported.

BNPL 70

BNPL PayPal Finance Product 70

PYMNTS

MARCH 23, 2020

Headquartered in Munich and founded in 2012 by Adrian Renner, Andreas Fruth and Gerhard Trautmann, GSG aims to change the way people buy goods online, while also transforming how merchants sell and digital content producers earn. The deal makes GSG the largest rewards, savings and shopping content platform in Europe.”. GSG has raised $54.3

PayPal 52

PayPal Participant Acquirers Transactions 52

PYMNTS

JANUARY 8, 2020

The two have partnered since 2012, when Amex licensed its Serve system to Lianlian so it could enable mobile phone users to top up minutes, pay bills and purchase other goods and services, according to a press release from American Express. Lianlian counts PayPal and Apple among its strategic partners.

Non-Bank 74

Non-Bank Central Bank PayPal Posting 74

PYMNTS

DECEMBER 3, 2019

The latest sign of that comes from PayPal. The acquisition will cost PayPal $4 billion, and it is said that Honey will “transform the shopping experience for PayPal’s consumers while increasing sales and customer engagement for its merchants.”. The platform works with more than 30,000 retailers in all shopping categories.

PayPal 52

PayPal Product Acquirers Addressing 52

PYMNTS

OCTOBER 22, 2020

Riders can pay for trips with PayPal, credit and debit cards, direct banking or Lyft Cash, among other options. Headquartered in Silicon Valley, Lyft was co-founded by John Zimmer and Logan Green in 2012, although the company first launched in 2007 under the name Zimrides. Its biggest competitor is Uber, which launched in 2008.

Venmo 60

Venmo Debit Card PayPal Rules 60

Fintech Labs Insights

JULY 22, 2016

Launched in 1998, PayPal is no stranger to fintech. This week’s news may change that perspective, though not all PayPal shareholders were enamored with the deal, as the stock fell 7% today. PayPal will work with issuers to identify consumers who choose to migrate existing ACH payment flows to their Visa cards.

PayPal 19

PayPal Venmo ACH Enrollments 19

Fintech Labs Insights

APRIL 14, 2016

Starting this week, PayPal users in the U.K. can now spread out the cost of larger purchases when using PayPal at an online retailer or paying with their PayPal digital wallet. Eligible customers may now enjoy interest-free financing on purchases over £150 ($212) for four months thanks to the launch of PayPal Credit.

PayPal 13

PayPal Finance Online and Mobile Banking Accounts 13

Fintech Labs Insights

AUGUST 19, 2016

PayPal has teamed up with Xero to enable small business users of the cloud-based accounting platform to pay for platform-generated invoices with PayPal. Along with this new PayPal Express Checkout option, users will also be able to track outstanding invoices and get real-time updates when invoices are paid.

PayPal 18

PayPal B2B Payment APIs and Integration Small Business 18

PYMNTS

OCTOBER 22, 2020

When PYMNTS and PayPal surveyed consumers , it was found that a primary factor motivating most of them to shop with one merchant versus another is the availability and acceptance of their preferred payment methods. PayPal’s Global Push. in August, and Pay in 3 in the U.K. earlier this month. “At Affirm Eyes the Public Markets.

BNPL 77

BNPL Payments Trends PayPal Payments 77

Fintech Labs Insights

APRIL 12, 2024

Innovations from 1995 to 2014 (with launch dates) Note: Ranking as of Jan 2014 Wells Fargo is first in the world to offer Web-statement access (launched May 1995) Security First Network Bank launches first full-service Internet bank brand (Oct 1995, disbanded 2002) PayPal launches first online optimized payment system (Nov 1999, bought by eBay in 2003) (..)

Online and Mobile Banking 15

Online and Mobile Banking Innovation FinTech NOV 15

PYMNTS

JANUARY 8, 2020

The two have partnered since 2012, when Amex licensed its Serve system to Lianlian so it could enable mobile phone users to top up minutes, pay bills and purchase other goods and services, according to a press release from American Express. Lianlian counts PayPal and Apple among its strategic partners.

Non-Bank 53

Non-Bank Central Bank PayPal Posting 53

PYMNTS

DECEMBER 17, 2020

Launched by PayPal co-founder Max Levchin in 2012, Affirm aims to deliver flexible payment options without hidden fees. Water damage, for example, is one of the most common home emergencies, and it usually costs several thousand dollars to remedy. .

BNPL 79

BNPL Near Real-Time PayPal Checks 79

Fintech Labs Insights

SEPTEMBER 6, 2016

Just over a month after PayPal signed a partnership with Visa , the online money transfer company has inked a deal with Mastercard. The terms of today’s agreement with Mastercard are similar to those PayPal laid out with Visa: Mastercard will be clearly presented as a payment option within the PayPal app.

PayPal 17

PayPal Visa Point-of-Sale (POS) Venmo 17

Fintech Labs Insights

JANUARY 13, 2016

PayPal announced today it has selected Wences Casares, founder and CEO of bitcoin wallet Xapo, to its Board of Directors. Casares will serve on PayPal’s Compensation Committee and is the ninth member of PayPal’s board. PayPal debuted its Instant Account Creation at FinovateEurope 2012.

PayPal 14

PayPal Bitcoin Debit Card Mobile Payments 14

PYMNTS

AUGUST 30, 2018

The secretive deal, confirmed this week, comes amid other augmented reality moves by the likes of PayPal and Target. The company launched in 2012 and focused on storing holographic data before shifting to glasses that can be used for augmented reality. PayPal recently revived an old patent that focuses on augmented reality shopping.

PayPal 41

PayPal Technology Research Origination 41

Fintech Labs Insights

JULY 20, 2016

A pair of former PayPal vets are joining Team Sezzle. Guilfoyle, who was SVP and CTO of PayPal from 2008 to 2012, will join Sezzle as an advisor. Fuchs, former Head of Legal at PayPal, will be Sezzle’s new legal advisor. The post Sezzle Adds Former PayPal Executives as Advisors appeared first on Finovate.

Advisors 13

Advisors PayPal Debit Card Legal 13

PYMNTS

OCTOBER 7, 2019

Affirm was started in 2012 by Max Levchin, who co-founded PayPal, along with Jeffrey Kaditz and Nathan Gettings. Holiday spending by Americans topped $700 million in 2018 and is expected to be higher in 2019, according to the National Retail Federation. It also has raised $1.03

Credit Cards 55

Credit Cards Underwriting Payments PayPal 55

Clearly Payments

MARCH 18, 2024

Payment Trends by People’s Age: Gen Z & Millennials (born 1981-2012): Gen Z and Millennials (those born between 1981 and 2012) are leading the way in using contactless payments. Below are some statistics and trends in the demographics of how people pay, including by age, income, and location.

Credit Cards 105

Credit Cards Federal Reserve FedNow Online and Mobile Banking 105

PYMNTS

SEPTEMBER 7, 2018

CEO Tayo Oviosu announced at Disrupt San Francisco, according to reports , that the company is planning to release its payments product in Ethiopia, Mexico and the Philippines as it plans to compete with heavy hitters, such as PayPal , Alipay and Safaricom’s M-Pesa. “We

Cross-Border 43

Cross-Border PayPal P2P Participant 43

Fintech Labs Insights

JULY 29, 2016

Visa ( F10 ) and PayPal ( F12 , FD16 ) partnered , putting to bed a long-standing conflict. PayPal will encourage users to make Visa their preferred payment method. And more importantly, PayPal will stop steering Visa cardholders to pay via ACH bank transfer, increasing the transaction volume sent to Visa and its card-issuing banks.

PayPal 17

PayPal FinTech Visa Bitcoin 17

PYMNTS

APRIL 26, 2018

American Express and Lianlian group have partnered since 2012. Lianlian counts PayPal and Apple among its strategic partners. China has about 6.7 billion bank cards in circulation, with government-owned UnionPay dominating the market with 90 percent market share, according to the Wall Street Journal report.

Non-Bank 51

Non-Bank Bank Card Disputes Central Bank 51

PYMNTS

SEPTEMBER 19, 2016

Facebook hired Paypal’s David Marcus to lead the charge, and Forbes predicted that Facebook’s revenues from payments would soar. Then, in 2012, Facebook announced that it would stop its Credits and allow the use of third-party services. Companies must use either Stripe or PayPal to process payments.

Payments 80

Payments P2P Bots PayPal 80

Fintech Labs Insights

DECEMBER 7, 2020

All the more impressive given its total funding to date of $20M and an employee count of 130. Full Fintech Unicorn list (values as of 2 Dec 2020). Value Date/Source. 2-Dec-2020. United States. Ant Technology. 2018 round. 2-Dec-2020. United States. 2-Dec-2020. Dec 2019 round. United States. 2-Dec-2020. United States. 2-Dec-2020. OneConnect/PingAn.

FinTech 15

FinTech NOV PayPal Financial Crimes 15

CB Insights

JULY 18, 2018

Website as of: June 2012. Website as of: August 2012. When Instacart was founded in 2012, there were already other apps trying to push the disruption of grocery delivery forward. Website as of: September 2012. Current valuation: $18.5B. Current valuation: $10.4B. Website as of: February 2010. Current valuation: $10B.

Bitcoin 65

Bitcoin CRM Checks Cybersecurity 65

PYMNTS

SEPTEMBER 26, 2016

According to research from the Fed , the number of paper checks being used dropped by more than 50 percent between 2000 and 2012, as the use of new payment methods, like cards and mobile wallets, more than tripled. PayPal was active this month, partnering with a pair of credit card giants to bolster its place in the retail industry.

Payments 80

Payments Federal Reserve Credit Cards Debit Card 80

PYMNTS

OCTOBER 5, 2016

The use of prepaid cards has exploded over the last decade or so — in 2003 consumers put less than $1 billion on prepaid cards annually, but by 2012 that figure had grown to $65 billion and by 2018 that figure is projected to reach as much as $121 billion. The user base of prepaid cards has grown significantly as well.

CFPB 75

CFPB Rules PayPal Debit Card 75

Fintech Labs Insights

FEBRUARY 2, 2021

The startups is expecting to go public in early 2021 via a SPAC with an estimated market cap of $1.3B. Full Fintech Unicorn List. values as of 2 Feb 2021). Value Date. 2-feb-2021. United States. Ant Technology. 2018 round. 2-feb-2021. 2-feb-2021. United States. Netherlands. 2-feb-2021. Australia. 2-feb-2021. April 2020 round. United States.

FinTech 15

FinTech NOV PayPal Caps 15