PayPal to invest $500 million in Uber
Online payments company PayPal Holdings Inc plans to invest $500 million in Uber Technologies Inc as the ride-hailing firm readies to unveil terms for its initial public offering on Friday, Refinitiv IFR reported. PayPal will invest in Uber through a concurrent private placement at the IPO price, IFR reported on Thursday, citing sources. A financial…
Send and receive PayPal money with Facebook Messenger
Facebook Messenger is more than just an instant messaging app now; it has transformed into a peer-to-peer (P2P) payment channel, thanks to the partnership between Facebook and PayPal. Available in the U.S. from October 20, people can send and request money using their PayPal account without leaving the Messenger app. To make a payment, people…
PayPal and Skype team up for mobile payments
PayPal has announced a new deal with Skype that will allow users in 22 countries worldwide to send money to other Skype users through an updated version of the Skype mobile app. This extends PayPal’s potential reach by a sizable amount – the Skype app has been downloaded over a billion times to date, and has approximately…
Samsung Pay to arrive on PayPal accounts soon
Samsung Pay has announced that users will be able to use PayPal in-app, in-store and online. Users can add their PayPal accounts to Samsung Pay and use their PayPal wallet anywhere Samsung Pay is accepted. And because it uses proprietary MST (Magnetic Secure Transmission) technology, which allows you to use Samsung Pay at terminals…
Samsung, PayPal to consolidate mobile and online payments
Samsung has announced a partnership with PayPal to allow Samsung Pay users to make in-app, online and in-store payments with the US payment platform. The service will be available in the US first and will be expanded to other countries in the near future. Moreover, Samsung Pay will be accepted as a payment method in apps…
PayPal introduces cross-border trade service
PayPal has announced the introduction of PayPal Global Sellers, a cross-border trade service for small and mid-sized businesses (SMBs) in the US. In collaboration with Webinterpret, the service addresses the commonly cited international growth barriers with a suite of tools, including: website translation, taxes/duties presentment, international shipping and return facilitation, or localized…