News about Silicon Valley business almost everyday.
SAN JOSE — PayPal has been transforming checkout to make paying with PayPal fast, easy, and even more rewarding both online and in-store. Now, PayPal, one of the most ubiquitous leaders in checkout, is further enhancing the experience and giving customers broad choice and flexibility with added features for users to pay now or pay later. […]
SAN JOSE – PayPal is now a checkout option for all U.S.-based cruise reservations operated by Norwegian Cruise Line Holdings Ltd. Now, travelers looking to cruise with Norwegian Cruise Line, Oceania Cruises and Regent Seven Seas Cruises, can benefit from the ease, simplicity and security of paying with PayPal when booking their next travel experience. […]
SAN JOSE — PayPal announced a new experience that gives customers an easy way to pool money with friends and family for group gifts, travel, special events or other shared expenses. Rolling out globally across the US, Germany, Italy and Spain, the new experience gives customers the ability to set up a pool in the PayPal app or online, invite […]
SAN JOSE — Fastlane by PayPal is now available for U.S. businesses of all sizes, helping to increase their sales and drive customer loyalty in time for the upcoming holiday shopping season. Announced earlier this year, Fastlane utilizes PayPal’s payment expertise to innovate and accelerate the guest checkout experience – allowing users to complete their […]
SAN JOSE — PayPal Holdings, Inc. has hired Srini Venkatesan as Chief Technology Officer (CTO). He will report to PayPal President and CEO Alex Chriss. In this role, Venkatesan will lead the development and implementation of technology across the entire PayPal ecosystem, including analytics and data science, artificial intelligence (AI) and machine learning, information security, infrastructure […]
SAN JOSE — PayPal Holdings announced that PayPal USD (PYUSD) is now available on the Solana blockchain, making PayPal’s stablecoin faster and cheaper to use. The availability of PYUSD on Solana provides users with the choice of multiple blockchains allowing for increased flexibility and control. The Solana blockchain is known for processing massive amounts of transactions at high speeds with extremely low costs, […]
MoonPay, a Web3 infrastructure company, is teaming up with PayPal to allow MoonPay users in the U.S. to seamlessly buy cryptocurrency using their PayPal account. The integration streamlines transactions for new MoonPay users who already have a PayPal account and use it for online transactions. When using PayPal, users can fund their cryptocurrency purchases by […]
SAN JOSE — PayPal Holdings has announced that Amy Bonitatibus has been named Chief Corporate Affairs and Communications Officer, effective May 28, 2024. Bonitatibus will report to Diego Scotti, Executive Vice President, Consumer Group & Global Marketing and Communications. Bonitatibus will be responsible for leading the Global Communications team and social impact and sustainability efforts across PayPal’s family of […]
PayPal announced this month that Rachel Kobetz has joined the company as Senior Vice President and Chief Design Officer (CDO), reporting to John Kim, Executive Vice President and Chief Product Officer. Rachel comes to PayPal from her most recent position as SVP and Global Head of Design at Expedia Group, where she was responsible for […]
PayPal Holdings has signed a multi-year deal with Ticketmaster parent company Live Nation Entertainment. The deal makes PayPal the Preferred Payments Partner of Ticketmaster, the nation’s leading ticket sales platform for sports and concerts. As a part of the partnership, fans will be able to pay with PayPal, PayPal Pay Later products, and Venmo (in […]
PayPal, which operates a global payment service under the PayPal and Venmo brands, is adding to the layoff list in Silicon Valley. President and CEO Dan Schulman said the company would eliminate 2,000 jobs or 7% of its workforce due to a “challenging macro-economic environment.” Schulman said the reductions will occur over the coming weeks, […]
SAN JOSE — PayPal has partnered with National Philanthropic Trust (NPT) and Vanguard Charitable to introduce Grant Payments, a new product that enables Donor-Advised Fund (DAF) sponsors, community foundations and other grantmakers to deliver grants to charities quickly and electronically via PayPal. Grant Payments will enable charities to receive grants shortly after the funds have […]