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Kinnevik writes off Monese investment in full

Swedish Venture Capitalist (VC) Kinnevik has written off its investment of Monese in full due to the uncertainty over its future participation in the...

PayPal Co-founder backs new ‘drug-friendly Olympics’ concept

PayPal Co-Founder Peter Thiel and former Coinbase CTO Balaji Srinivasan have invested in the ‘drug friendly’ Enhanced Games. The Olympic game alternative announced the closing...

PayPal reduces workforce by 9% amid rising competition

In its mission to revolutionise commerce, PayPal has cut 2,500 jobs in hopes to improve efficiency and focus.The payments giant announced the reduction of...

PayPal conducts its first stablecoin investment in Mesh venture

The opening month of 2024 continues to be an active one for PayPal as the Silicon Valley giant closes January by investing in Mesh. In a...

PayPal reveals six new innovations to spearhead digital commerce growth in...

In an attempt to bolster its innovation and growth capabilities, PayPal has unveiled six new products and solutions that will help them achieve this...

PayPal’s ‘mission to revolutionise commerce’ with AI-backed products

PayPal has become the latest leading payments service provider to step up its use of artificial intelligence in its unveiling of six new features. The...

PayPal looks to evolve customer engagement with new appointments 

PayPal has confirmed senior leadership changes as the payments platform continues to focus  on driving growth.  As a result, Isabel Cruz will join PayPal as...

PayPal issued subpoena by SEC over PYUSD stablecoin

PayPal has confirmed it has received a subpoena by the US Securities and Exchange Commission (SEC) in regards to its PYUSD stablecoin.  Announced during PayPal’s...

PayPal faces class action lawsuit over consumer price allegations

A class-action lawsuit has been filed against PayPal in California over the alleged use of anticompetitive rules resulting in excess consumer fees. In the filing,...

PayPal unlocks more functionality for users with Apple Pay

PayPal has unlocked additional functionality for customers wanting to use Apple Wallet in conjunction with their credit and debit cards.  Following the expansion, users can...

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