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PayPal has been driven by market forces to close down its payment operations in India. Instead, it will scale up its existing cross-border business for small enterprises, to gain a... more

The post PayPal wins in China…loses out in Indian payments market appeared first on Payments Cards & Mobile.

PayPal has manged to fend off serious competition and achieve what no other foreign company has been able to do to date becoming the first foreign operator with 100% control... more

The post PayPal wins Chinese payments race with full ownership of payment business appeared first on Payments Cards & Mobile.

A federal judge has invalidated part of a U.S. Consumer Financial Protection Bureau rule governing prepaid cards and digital wallets, emphatically agreeing with PayPal that the agency overstepped its authority.... more

The post PayPal wins prepaid and digital wallet case against U.S. CFPB appeared first on Payments Cards & Mobile.

PayPal announced it will allow customers to hold bitcoin and other cryptocurrency in its wallet and shop using cryptocurrencies at the 26 million merchants on its network. The new service... more

The post PayPal takes cryptocurrency mainstream with access to its network appeared first on Payments Cards & Mobile.

PayPal has announced that a surge in e-commerce transactions and new accounts has driven quarterly profits 86% higher. The company announced it will continue to support additional investments in mobile-payment... more

The post PayPal reports 86% increase in profits – shift from cash permanent appeared first on Payments Cards & Mobile.