PayPal | Latest News & Updates - Nov 14, 2024 Release

PayPal has upgraded its P2P payment platform to enhance transaction speed and security using Venmo and Xoom, supported by Google Cloud technology...


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PayPal

🌎 paypal.com

PayPal is an online payment platform that facilitates payments between individuals and businesses. It allows users to send, request, and manage money easily and securely. PayPal offers various services including personal and business accounts, debit and credit cards, and payment processing solutions. The company aims to empower users by providing fast and enjoyable money management options.


PayPal - Latest News and Updates

  • PayPal has upgraded its P2P payment platform to enhance transaction speed and security using Venmo and Xoom, supported by Google Cloud technology.
  • PayPal announced a new P2P feature in their app for pooling money with friends and family for shared expenses.
  • On November 14, PayPal launched a new feature in Italy, the US, Germany, and Spain that allows users to easily manage group expenses by creating fundraisers and tracking contributions, even from those without a PayPal account.
  • PayPal announced that PYUSD can now move seamlessly across Ethereum and Solana using LayerZero.
  • Under CEO Alex Chriss, PayPal is shifting from a payments company to a commerce-focused entity, achieving a 61% market cap increase year-over-year.
  • PayPal will be present at the 'Tech for Retail' event on November 14, inviting attendees to visit their stand E38 and schedule meetings.
  • Jenna Ward has joined PayPal as the Global Director of Business Operations for PayPal Ads, previously serving as the Senior Director of Client Services at The Trade Desk.
  • Rakan K. has joined PayPal as Senior Director, Identity Product, relocating from Intuit where he was Head of Product - Authentication & Verified Identity.
  • A study by AECOC Shopperview, in collaboration with Bizum, Google, Stripe, and PayPal, reveals that 40% of Spanish consumers use PayPal for online purchases, highlighting the importance of security and simplicity in the payment process.
  • PayPal supports UK entrepreneur Vivien Wilson by providing tools to grow her vintage-inspired clothing brand and simplify payments.

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