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PayPal is laying off 2,500 employees
The cuts will allow PayPal to “move with the speed needed to deliver for our customers and drive profitable growth,” CEO Alex Chriss said in the letter sent to employees.
Amazon ditches Venmo as a direct payment option after just 14 months
Amazon will no longer allow customers to pay for goods directly via Venmo.
PayPal and Venmo's debit and credit cards come to Apple Wallet
You can add and use them just like any other card stored in your phone.
PayPal introduces its own stablecoin that's pegged to the US dollar
Almost three years after PayPal started supporting cryptocurrency for all US accounts, the fintech company has launched its own stablecoin that's pegged on the US collar.
Venmo now supports tap to pay on Android phones
Venmo and Zettle now use tap to pay on Android phones in the US.
Venmo now lets you send crypto to other users for some reason
Venmo is going further into the once-heralded digital currency space by allowing users to send crypto directly to other Venmo customers. The feature rolls out throughout may and also allows for sending digital currency to Paypal users and other external wallets.
PayPal launches passkey logins for Android in the US
PayPal is expanding access to passkey logins to Android users in the US, so long as they access the website on the Chrome browser.
PayPal is laying off 2,000 employees
PayPal announced on Tuesday plans to lay off approximately 2,000 employees, or about seven percent of its global workforce.
Amazon now lets you pay using Venmo
Amazon now takes payments from your Venmo balance.
PayPal adds passkey support in the US for easier logins and check outs
PayPal now gives users the option to use quicker and safer passkey logins.
PayPal's new rewards program includes Honey shopping discounts
PayPal has trotted out a unified rewards program that now includes Honey's shopping discounts.
Indonesia restores access to PayPal, Yahoo and Valve services
The country blocked several platforms that failed to register with a government database on time.
Indonesia blocks Steam, PayPal and other services over missed regulatory deadline
Indonesia is blocking residents from accessing various online platforms after those services failed to comply with a July 29th regulatory deadline.
PayPal will let users split the cost of purchases over up to 24 months
It's building on the company's previous buy now, pay later schemes.
PayPal has been laying off workers to reduce costs
Even the established payment processor isn't immune to the economic downturn.
PayPal's credit card will offer up to three percent cashback
Like Apple Card, the PayPal Cashback Mastercard has no annual fee.
You can now use PayPal to send money to users in Ukraine
The payment platform is temporarily waiving transaction fees for Ukraine customers.
PayPal suspends services in Russia amid Ukraine invasion
Amid the ongoing conflict in Ukraine, PayPal has temporarily stopped offering its services in Russia.
PayPal faces lawsuit for freezing customer accounts and funds
Three PayPal users who've allegedly had their accounts frozen and funds taken by the company without explanation are proposing a class-action lawsuit.
PayPal confirms it's exploring the launch of its own stablecoin
It might be called "PayPal Coin," and it will reportedly be backed by the US dollar.
