#Apple Pay crossed one billion transactions in the quarter ending on June 30, CEO Tim Cook said on the Cupertino-based company’s earnings call yesterday. That number, Cook said, represents three times the #transaction number in the same quarter last year. Cook expects that volume to keep rising as the P2P feature is set to launch […]
Bank Innovation
Payments platform #PayPal had $ 139 billion in total payment volume in 2Q18, up 29% YOY, and expects to add 30 #million net new actives by the end of the year, according to the company’s earnings call yesterday. Of that $ 139 billion, 39% of the total payment volume, or $ 54 billion, was mobile. Just $ 14.2 billion […]
Bank Innovation
PREMIUM – #PayPal has rolled out a new feature that will help its retail clients increase conversions, making it easier for shoppers to become buyers. The payments giant built this solution to address pain points of cluttered online checkouts for both the consumer and retailer. The feature is called #smart #checkout #button. Shoppers are presented with relevant […]
Bank Innovation
#PayPal made a strong move into the group #payments space with the announcement it will purchase #Hyperwallet for $ 400 million. The deal is expected to close in the fourth quarter. Hyperwallet allows for businesses such as Etsy, eBay or Uber to easily make disbursements to multiple merchants or drivers, even across international borders. The company […]
Bank Innovation
#PayPal’s $ 2.2 billion acquisition of Swedish small business commerce platform #iZettle will boost its #presence in 12 markets across European and Latin America, particularly in the physical #retail space. The move highlights the increasingly overlapping businesses of PayPal and Square, of which iZettle is a competitor. Indeed, the #announcement negatively impacted Square’s stock, though briefly. […]
Bank Innovation
EXCLUSIVE – Payments company #PayPal might not see immediate value in #cryptocurrency, but it’s continuing to see more value in its P2P payments service #Venmo, according to the company’s Q1 earnings call yesterday. On the subject of cryptocurrency, Dan Schulman, company CEO said during the call: We’ve experimented with Coinbase and others in terms of […]
Bank Innovation
#Cashback startup #Dosh has raised $ 44 million to expand its product development, the startup announced yesterday, a Series A round that included participation from Goodwater Capital and #PayPal. The company will use the funds, combined with the $ 18 million it had previously raised over the past year, to expand its “technical capabilities,” according to company […]
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One of the U.K.’s largest #banks, #Barclays plc, has partnered with American payments company #PayPal to provide Barclays customers the ability to use their Barclays products in PayPal&8217;s digital wallet to make online payments. The partnership will also allow U.S. consumers to redeem Barclays reward points at merchants accepting PayPal. Another important aspect of this […]
Bank Innovation
Add #HSBC to list of major #banks that have partnered with #payments company #PayPal. Today, HSBC announced that as a result of its partnership PayPal, the bank will now let its global #corporate customers make payments to beneficiaries using their PayPal accounts. In a statement released today, Tom Halpin, global head of payments in global […]
Bank Innovation
EXCLUSIVE- Bank of America will now let its mobile users add multiple credit and debit cards to their #PayPal account directly from #BofA’s mobile app. With 24 million users, mobile banking is becoming increasingly important to BofA’s growth strategy. A few months earlier, the bank rolled out a number of mobile features such as Book …Read More
Bank Innovation
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