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Is PayPal quietly moving toward becoming a traditional bank?
PayPal seen by some to be nudging its customers closer to mainstream banking services. The renowned payments company has been reaching out to groups of customers in recent months with an offer to add basic banking features to their PayPal digital wallet. The features include Federal Deposit Insurance Corp. insurance for balances up to government-set [...]
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Infographic: All you ever needed to know about eBay
If you want to buy or sell something new, unique, and everything in between, eBay is the perfect place for you. The founder of eBay, Pierre Omidyar launched an e-commerce company back in 1995 with the goal of creating an online marketplace that will connect buyers and sellers. The company was then known as AuctionWeb, [...]
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Check out is a thing of the past – PayPal CEO
Dan Schulman, PayPal CEO has said that mobile is going to “fundamentally redefine” the retail industry and change the way consumers think about the Check out. “Already, it’s starting to do that. It is blurring the distinction between online and offline. People used to think about e-commerce and in-store. Mobile erases those boundaries,” Schulman said at [...]
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eBay dumps PayPal for Adyen – BofA signs global collaboration
Its been a mixed day for Paypal. eBay, one of the world’s biggest online marketplaces, announced that it’s dropping PayPal as its main partner for processing payments in favour of Adyen. The news prompted investors to offload PayPal stock, which fell more than 11% in after-hours trading. The two US tech companies have a complicated history. In 2002, eBay [...]
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Facebook Messenger launches P2P payments in the UK
Facebook Messenger is enabling people in the UK to send money to each other via P2P payments in its Messenger texting app for the first time. The social network said Monday that Messenger users in the UK will be able to send money to each other when the feature rolls out in the next few weeks. [...]
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