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PayPal to enhance partnership with Phoenix Suns in new extension

Global fintech firm PayPal has announced the extension of its sponsorship of National Basketball Association (NBA) team the Phoenix Suns until 2026.  PayPal intends to...

Visa+ launches in partnership with PayPal and Venmo

Global card network Visa has announced the launch of Visa+, in partnership with PayPal and Venmo, aimingto make person-to-person (P2P) digital payments quicker and...

AUSTRAC continues good terms with PayPal after accepting enforceable undertaking

PayPal Australia has succeeded in submitting an Enforceable Undertaking (EU) to the country’s financial watchdog AUSTRAC. This comes as the watchdog found cause for concern...

MANGOPAY secures international merchant expansion with PayPal deal extension

Payment infrastructure provider MANGOPAY has extended its partnership with online payments conglomerate PayPal to further support global marketplaces and the end-user experience. This builds on...

Affirm prepares to reduce its workforce by 19%

BNPL company Affirm has undergone a restructuring after cutting a total of 500 employees, reducing its workforce by 19%. The announcement of shrinking labour costs...

Digesting the Digits – MANGOPAY momentum, Plum’s market expansion and a...

Number crunching is a key component of the payment industry, with digits being scattered across the sector’s key stories.  Each week Payment Expert digests these...

PayPal announces staff cuts affecting 2,000 employees 

PayPal has announced that it is laying off around 2,000 of its full-time employees due to a “challenging macroeconomic environment”. A public notice was issued...

PayPal joins Bold Commerce to provide ‘powerful’ checkout flexibility

Retail platform Bold Commerce has integrated PayPal’s payments suite into its offering to introduce a more convenient customer experience. Bold promises to ‘bring payments and...

US banks unite to develop a digital wallet to rival Apple...

Wells Fargo, JP Morgan Chase, and the Bank of America are reportedly set to collaborate on the development of a digital wallet that would...

PayPal under investigation in Germany over alleged unfair market advantage

German regulator, The Federal Cartel Office (FCO) has started an investigation into online payments giant PayPal for allegedly gaining an unfair advantage over other...

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