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PayPal processed a total of USD 31 billion in mobile payment volume in the fourth quarter of 2016, according to the company’s latest financial report.

This figure represents an increase of 53% over the same period in 2015. Mobile payments represented 31% of the company’s USD 99 billion in payment volume in Q4.

Venmo, the company’s social payments platform, processed USD 5.6 billion in total payment volume, up 126 % from the same period in 2015.

PayPal said that in the five days between Thanksgiving and Cyber Monday, it processed more than USD 2 billion in mobile payments, accounting for one-third of total payment volume for the period.

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Amazon and PayPal have discussed the possibility that the online retail company to support PayPal payments at checkout.

Amazon offers credit and debit cards, gift cards, and Amazon.com store cards as payment methods. Customers can also link their checking accounts to the site to make quick purchases.

PayPal grew to 197 million active users at the end of 2016. According to the company’s data, each of those accounts averaged 31 transactions in the preceding 12 months.

Amazon Payments can be used by merchants to facilitate payments, and by customers to make those payments. In many cases, the merchants that use Amazon Payments to facilitate purchases also offer customers PayPal.

PayPal is allegedly set to gain a role in the Apple’s mobile payments service, online media outlet recode.net reports.

 

According to the source, eBay-owned PayPal has been pitching Apple on helping Apple bring its payments initiative to fruition.

 

PayPal is essentially willing to white-label parts of its payment service to be used in an Apple mobile payments system — anything from fraud detection to back-end infrastructure, even possibly down to the processing of payments.

 

Source: The Payper

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If you are using PayPal, I believe you should receive an e-mail from Paypal saying that they will terminate personal payment service in Malaysia starting 4th June 2013.

This is not a good new for those who are using PayPal to transfer personal funds to your friends and relatives inside or outside Malaysia, but I wonder how many people did this. However, the good new is, you still can receive personal payment from outside Malaysia.

PayPal stated that they decided to terminate personal payments in Malaysia as part of their business strategy to focus on commercial transactions, but I believe the reason is to stop people from selling PayPal funds.

For more information kindly read FAQs from PayPal regarding this matter below.

______________________________________________

Update on Personal Payments Service

Dear Customers,

As PayPal focuses on our business strategy of enabling secure and convenient commercial transactions in Malaysia, we regret to inform you that the Personal Payments service will no longer be available in Malaysia from 4 June 2013. We sincerely apologise for the inconvenience caused.

PayPal’s mission is to connect merchants of all sizes to millions of consumers around the world, creating more economic opportunities for individuals, businesses and communities. As such, we would like to assure you that you will still be able to use PayPal for commercial activities. For example, you can still shop and pay with any local or overseas PayPal merchant and receive payments for sale of goods and services from any local or overseas buyer with a PayPal account.

We have created this webpage to address concerns and questions you may have. You can also contact our customer support team by logging into your PayPal account and clicking on ‘contact us’ at the bottom of the page.

The success of PayPal depends on the success of the community. We thank you for your ongoing support in enabling more secure commerce anytime, anywhere and any way.

Sincerely,

The PayPal Team

FAQs

Why is the Personal Payments service being discontinued?

As PayPal focuses on our business strategy of enabling secure and convenient commercial transactions in Malaysia, the Personal Payments service will no longer be available to users in Malaysia from 4thJune 2013.

PayPal’s mission is to connect merchants of all sizes to millions of consumers around the world, creating more economic opportunities for individuals, businesses and communities.

What was the Personal Payments service used for?

The Personal Payments service was offered to our users in Malaysia to facilitate payment of rental charges, shared expenses, or payments owed.

Will I be able to send personal payments to other PayPal users living outside of Malaysia?

No, unfortunately you will no longer be able to make personal payments to users both in Malaysia and overseas.

Will I still be able to receive personal payments from other PayPal users outside of Malaysia?

You can still receive funds sent from other PayPal users outside of Malaysia, consistent with the availability of this PayPal service in the country where the user is located.

I have a Personal account. Does the removal of the Personal Payments service mean I will not be able to send payments for items I want to purchase?

Regardless of whether you have a Personal, Premier or Business account, you will continue to be able to shop online and use the PayPal services for the commercial payment of goods and services. Only the Personal Payments service has been discontinued.

Will it be possible for me to send payments to a merchant for a purchase of goods and service?

Yes, you can make payments to merchants in Malaysia as well as in other countries for the purchase of goods or services.

I’m a merchant. Will it be possible for me to receive payments from international buyers?

Yes. Merchants can still receive commercial payments for the sale of goods and services from both international and Malaysian buyers.

Because of the nature of my business, I don’t have an online website. Will it be possible to receive payments from customers using PayPal for the sale of goods and services provided by me?

Yes, if you are collecting payments in exchange for goods or services, your customers will still be able to make payments for your services through PayPal.

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PayPal has revealed plans to enter a partnership with US-based direct banking and payment services company Discover Financial Services.

 

Under the terms of the deal, by the end of 2013, PayPal will be accepted as a payment option in 2 million US retail stores that already accept Discover credit cards.

 

Shoppers will have access to funds they have directly in their PayPal accounts, whether from their own bank accounts or money from other people along with any credit or debit cards. Consumers can also link gift cards and coupons to the wallets and set up rules for which accounts they want to draw from depending on the size of a transaction or where you spent the money.

 

PayPal users will be able to pay at merchants on the Discover Network by swiping their new cards through existing checkout machines and entering a four-digit PIN. The newly launched cards will have a Discover Issuer Identification Number, or IIN, a code that identifies the card holder. Discover has already set up the IINs for the PayPal cards on its network.

 

PayPal has recently expanded its business operations beyond the online space by introducing in-store payments. In 2012, the company has partnered more than 15 retailers, including Home Depot and Office Depot. Both companies have also revealed plans to expand their agreement outside the US in the future, in case the agreement goes well.

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Throughout the past year or so, PayPal has been working to make its in-store payment platform more robust by bringing in a number of new retail partners, including Home Depot, Guitar Center, Barnes & Noble, and JC Penney. However, today the company has revealed that PayPal users can now pay for items in over 18,000 physical stores throughout the US.

 

PayPal announced today that 23 large national retailers have begun participating in PayPal Now, and the service is now available at 18,000 retail locations around the United States. PayPal Now officially launched back in May of 2012 to extend PayPal’s payment platform into physical stores. Shoppers simply enter their phone number and a pin code during checkout instead of swiping their credit or debit card.

 

The service is definitely useful for people who forget their wallets, or for those who just prefer to keep all of their transaction under one roof. There are also opportunities to earn digital coupons and loyalty points by choosing this method of payment, so there’s definitely an incentive to use the new platform other than convenience.

 

Square is obviously PayPal’s biggest competitor, with its own plans in the retail realm that includes a major partnership with Starbucks. It’ll be interesting to see where the mobile payment industry goes from here. Google Wallet is making the rounds, and while it’s not yet a well-known avenue for payments, it just could be a matter of time before we see it take off.

PayPal has revealed plans to introduce a point-of-sale application in India, which will allow online shoppers to use their debit and credit cards to make transactions using mobile devices.

 

The company also plans to launch a money transfer application, which will enable users send and receive money within the country.

 

In 2011, PayPal has made several changes in its user agreements after the Reserve Bank of India announced regulations on online money transfers. As a result, the company had to restrict its India users from withdrawing PayPal funds through a bank and transferring funds directly between two personal accounts.

 

According to Dhruv Sawhney, director enterprise product and global operational excellence at Paypal, cited by online media outlet indiatimes.com, Paypal has been working with the Indian regulators and is now ready to build its base in the country, where it has two development centers.

E-Commerce still a very new term for most of the people in Malaysia, but there is a study done by Paypal Online and mobile Shopping Insights 2011 found out that there are significant of increment on the online transaction done online, especially on the festive season. Christmas is the busiest day for online shopper to grab their gift.

 

Mobile shopping was driven by an increasing number of Malaysians going online via Internet-capable mobile devices. According to a recent InMobi report, smartphone penetration in Malaysians is at a sharp increase, where close to six in ten Malaysian digital consumers used their mobile phone to access the Internet in 2011. The InMobi ‘Mobile Impact on Media Consumption in Malaysia’ report also revealed that mobile is the top choice for Malaysians going online.

 

Elias Ghanem, Managing Director, PayPal Southeast Asia and India said:

“Online shopping has become mainstream, especially during the festive season as many Malaysians skipped the long queues, searched online for great deals, and bought gifts from the comfort of their homes. This was the first festive season for mobile shopping to become popular as Malaysians reached for their smartphones and tablets to enjoy the convenience of shopping anytime, anywhere. Interestingly, Malaysians planned well ahead for their festive online shopping in late November whereas mobile shopping was widely used for purchases during the Christmas week.”

Yahoo new CEO – Scott Thompson

By on January 6, 2012

Yahoo just named the ex-Paypal CEO Scott Thompson as the new CEO. Yahoo has been looking for a new CEO since the ouster of Carol Bartz. This is what Yahoo has to say about appointing Thompson:

 

“Scott brings to Yahoo! a proven record of building on a solid foundation of existing assets and resources to reignite innovation and drive growth, precisely the formula we need at Yahoo! His deep understanding of online businesses combined with his team building and operational capabilities will restore the energy, focus, and momentum necessary to grow the core business and deliver increased value for our shareholders. The search committee and the entire Board concluded that he is the right leader to return the core business to a path of robust growth and industry-leading innovation.”

 

As per the eBay bio, Thompson took the reins of PayPal’s president ship in early 2008, during his time at PayPal, Thompson helped to more than double the payment service’s revenus, boosting from $1.8 billion to $3 billion. Prior to this he was serving as its CTO in charge of information technology, product development and architecture. Before joining eBay, he worked at Inovant and served as CIO of Barclays Global Investors and at Coopers and Lybrand on information technology.


After sometime of testing and renovate, finally my online laptop sleeve store has change the interface. Previously I’m using the Zen-Cart to run my online store – http://www.ec-lifestyle.com, but recently had changed to Prestashop after I found out that that’s much more features and better interface experience if compare to the previous one.

EC-Lifestyle is the online laptop sleeve store for the brand of POFOKO which have varienty of design for difference type of laptop range from size 10inch to 15 inch. Besides that, we also selling the camera bag as well as cable tie.

With the new changing of web store engine, currently we accept the payment by Paypal as well as most of the Malaysia Online Banking transfer including:

  • Maybank2u.com.my
  • Public Bank Online
  • CIMB clicks online
  • AM Bank online
  • Alliance Bank Online
  • Hong Leong Bank Online
  • RHB Online
  • EON Bank Online


At the new renovate and reopen back my online store, here by give out the voucher to all my blog reader of 15% discount.

Please use the following voucher code when you check out from the store and you will get additional of 15% discount.

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